<SEC-DOCUMENT>0001001807-16-000036.txt : 20160401
<SEC-HEADER>0001001807-16-000036.hdr.sgml : 20160401
<ACCEPTANCE-DATETIME>20160331213512
ACCESSION NUMBER:		0001001807-16-000036
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		33
CONFORMED PERIOD OF REPORT:	20160401
FILED AS OF DATE:		20160401
DATE AS OF CHANGE:		20160331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
		CENTRAL INDEX KEY:			0001001807
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14406
		FILM NUMBER:		161544807

	BUSINESS ADDRESS:	
		STREET 1:		JL. JAPATI 1
		CITY:			BANDUNG
		STATE:			K8
		ZIP:			40133
		BUSINESS PHONE:		62-224527101

	MAIL ADDRESS:	
		STREET 1:		JL. JAPATI 1
		CITY:			BANDUNG
		STATE:			K8
		ZIP:			40133
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ar_tlk2015.htm
<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
<TEXT>

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<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">UNITED STATES</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Washington,
 D.C. 20549</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Form 6-K</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13
a-16 OR 15d-16</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">For the month of </font></b><b><u><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">April</font></u></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, 2016</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=ES style="font-size:10.0pt;line-height:normal;">Perusahaan Perseroan (Persero)</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=ES style="font-size:10.0pt;line-height:normal;">PT </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telekomunikasi Indonesia Tbk</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;line-height:normal;">(Exact name of Registrant as
specified in its charter)</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;line-height:normal;">Telecommunications Indonesia</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=IN style="background:white;font-size:10.0pt;line-height:normal;">A&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;line-height:normal;">state-owned public limited liability </font><font face="Times New Roman" lang=IN style="background:white;font-size:10.0pt;line-height:normal;">Company</font><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Translation of registrant&#8217;s name into English</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">J</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">l.&nbsp;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Japati No. 1 Bandung 40133</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, Indonesia</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Address of principal executive office)</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indicate by check mark whether the registrant files or
will file annual</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">reports under
cover of Form 20-F or Form 40-F</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Form 20-F </font></b><b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#254;&nbsp;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Form 40-F&#160; </font></b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#168;&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Yes </font></b><b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#254;&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">No
</font></b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#168;&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Yes </font></b><b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#254;&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">No
</font></b><font face=wingdings lang=EN-US style="font-size:10.0pt;line-height:normal;">&#168;&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div style="border:none;border-top:double windowtext 4.5pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

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<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SIGNATURES</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has
duly caused this report to be signed on behalf by the undersigned, thereunto
duly authorized.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
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  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Date </font><u><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">April 1, 2016</font></u><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">                              &nbsp;</font></p>
  </td>
 <td width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IT style="font-size:10.0pt;line-height:normal;">Perusahaan Perseroan (Persero)</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IT style="font-size:10.0pt;line-height:normal;">PT </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telekomunikasi Indonesia Tbk</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IT style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IT style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">-----------------------------------------------------</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">(Registrant)</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">By:      /s/ </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">----------------------------------------------------</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">(Signature)</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chief of Financial Officer</font></p>
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PREFACE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BIDS></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUILDING
INDONESIAN DIGITAL SOCIETY</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have a dream of
realizing a Digital Society, and we are fully aware that the key to realizing a
digital society is the development of infrastructure in order to provide
high-quality connectivity service. Telkom is building infrastructure
comprehensively, which includes </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">three components, namely id-Access, id-Ring
and id-Con,</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> also known as Indonesia Digital Network (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IDN</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">). &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">id-Access </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">infrastructure is a fiber to the home-based network
and we currently have approximately 10 million homes-passed fiber. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d-Access
is an important infrastructure, which starting in early 2015, Telkom focused on
developing a new product, IndiHome triple play, consisting of home phone
service, High Speed Internet, and IPTV services. By the end of 2015, the
IndiHome subscribers reached 1 million.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom also
developed the </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">id-Ring&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> infrastructure, which is a fiber network (fiber
optic cables) that connects the islands of Indonesia from Aceh to Papua. In the
fourth quarter of 2015, Telkom has completed a fiber network that connects
Sulawesi, Maluku, Papua Cable System (&#8220;SMPCS&#8221;) which gives a very positive
impact on equity of high-quality communication access, especially in the
eastern region of Indonesia. Currently, Telkom has over 80,000 kilometers of
fiber network in id-Ring.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Meanwhile, </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">id-Con&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
is a strategic initiative that focuses on providing a service platform
Telecommunication, Information, Media and Edutainment and Services (&#8220;TIMES&#8221;)
that converges cloud-based services built on Data Center facilities. By the end
of 2015, Telkom&#8217;s Group has Data Center an area of 74,000 m<sup>2</sup>.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">While Telkom&#8217;s
subsidiary, which is engaged in the cellular business, Telkomsel, also
continues to build infrastructure to expand coverage and improve the quality of
services, in particular in order to provide the best data services and mobile
broadband. Until the end of 2015, Telkomsel has built more than 100 thousand
BTS in which more than half are 3G and 4G BTS to support mobile broadband
services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition, Telkom
also seeks to pioneer the development of content and applications to provide
the best experience for customers while further encouraging the use of data
services in people&#8217;s daily lives. Content and applications cover various
aspects such as digital lifestyle, digital advertising, and digital payment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">It was all done in
order to bring the digitalization of Indonesian society in order to develop a
digital society and eliminating the digital divide to build nation superiority.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=READY></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">READY
TO BECOME &#8220;THE KING OF DIGITAL&#8221;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom believes that
what we are trying today is the right step to continue to be a leader in the
industry. We mobilize all of our resources to actualized the predicate
&quot;The King of Digital&quot; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Become
the King of the Air through Telkomsel</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom invests most
of its capital expenditures to push the performance of Telkomsel and to ensure
the </font><font face="Times New Roman" lang=MS style="font-size:11.0pt;line-height:normal;">coverage&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and
quality of Telkomsel to support the customer excellence experience, especially
in the data service. We also have the initiative to create the synergy in
optimizing the network within the Group scale, as to create&nbsp;efficiency.
This effort is to strengthen Telkomsel continues to grow above the industry
average</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Become
the King of the Land through Fiber to the Home (FTTH)</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom develop
optical fiber-based access network to homes, and currently has about 10 million
homes-passed. We have a superior product, namely IndiHome triple play which is
a products bundling consisting of home phone service, high-speed internet and
interactive TV UseeTV which was launched at the beginning of 2015. By the end
of 2015, we has successfully reached more than 1 million IndiHome customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Became
the King of the Sea through Fiber Optic Broadband Highway from Aceh to Papua</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom to build
optical fiber-based backbone network that connects the various islands
throughout Indonesia. In 2015, the backbone network has been connected to
Sulawesi, Maluku and Papua, which will improve connectivity at once equitable
digital ICT in eastern Indonesia. Overall, we have had 81.895 km fiber optic
backbone network to support mobile and fixed line services. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=GREAT></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GREAT
TO BREAK (100/300)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, Telkom
launched the </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Great To Break 100/300</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which can be interpreted Telkom has
a target to achieve revenues through Rp100 trillion and Rp300 trillion of
market capitalization.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">By the end of 2015,
due appropriate strategy, the hard work of all management and employees and
commitment to implementation of Corporate Culture Philosophy to be The Best,
Principle to be The Star and Practices to be The Winner, Telkom has
successfully reached of Rp102.5 trillion and Rp313 trillion market
capitalization.</font></p>









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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TAI2015></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM
ACHIEVEMENTS IN 2015</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Throughout 2015, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">able
to record </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">an excellence</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> performance growth with achievement above the
industry average. This is the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">result&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of our investment in building broadband
infrastructure as Telkom&#8217;s commitment to become a leading player in the digital
business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Revenues Rp102,470 billion</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased 14.2%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">EBITDA Rp51,415 billion</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">increased 12.6%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Net Income Rp15,489 billion</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">increased 7.0%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Total </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Asset Rp166,173 billion</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased 17.2%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Total Equity Rp75,136 billion</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">increased 10.9%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Cellular Subscribers </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">152.6 million</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased 8.6%</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Numbers of </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ellular
  BTS 103,289 unit</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased 20.9%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ARO></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ANNUAL
REPORT OVERVIEW</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PT Telkom Indonesia
(Persero) Tbk, or &#8220;Telkom&#8221;, the &#8220;Company&#8221;, and &#8220;we&#8221;, presents the Annual Report
for the year ending on December 31, 2015, prepared in accordance with the
Decree of the Financial Services Authority (&#8220;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">OJK</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;), the successor of
Capital Market and Financial Institutions Supervisory Board (</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bapepam-LK</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">)
number X.K.6 and X.K.7. Certain sections of this Annual Report also contain
information in the 20-F Form according to the rules of the Securities and
Exchange Commission (&#8220;SEC&#8221;) of the United States. However, no parts of this
document are combined to refer to the 20-F Form. The information and data
presented in this Annual Report are based on the consolidated financial data of
the Company and its subsidiaries.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The term &#8220;Indonesia&#8221;
in the 2015 Annual Report refers to the Republic of Indonesia, while
&#8220;Government&#8221; means the Government of Indonesia and the &#8220;United States&#8221; or &#8220;US&#8221;
means the United States of America. The mention of the currency &#8220;Rupiah&#8221; or
&#8220;Rp&#8221; refers to the Indonesian currency, while &#8220;US Dollars&#8221; or &#8220;US$&#8221; refers to
the United States currency. Certain figures (including percentages) have been
rounded. Unless otherwise stated, all financial information is presented in
Rupiah in accordance with the Financial Accounting Standards (&#8220;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SAK</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;) of
Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This Annual Report
contains forward-looking statements, including expectations and projections
about operational performance and future business prospects. These statements
generally use words such as &#8220;believe&#8221;, &#8220;hope&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;,
&#8220;project&#8221; or other similar words. In addition, all statements that are not
historical facts in this Annual Report can be categorized as forward-looking
statements</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Although we believe that the expectations in the
forward-looking statement are quite reasonable, we cannot guarantee that these
expectations will prove correct. Forward-looking statements contain risks and
uncertainties, including the effect of changes in the economic, political and
social environment in Indonesia. In the &#8220;Risk Management&#8221; section and other
sections of this Annual Report, important factors are disclosed that could
cause actual results that differ materially from our expectations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Further information
on the Telkom Annual Report can be obtained by contacting Investor Relations,
Graha Merah Putih 5<sup>th</sup> Floor, Jl. Jend. Gatot Subroto Kav. 52 Jakarta
12710, Indonesia. Ph.: + 62-21-5215 109, Fax.: + 62-21-5220 500 or e-mail:
investor@telkom.co.id. You can also download this document online through our
website at http://www.telkom.co.id.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>









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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=TOC1></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CONTENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PREFACE</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#BIDS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Building
  Indonesian Digital Society</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#READY"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Ready
  to Become &quot;The King of Digital&quot;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#GREAT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Great
  to Break (100/300)</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TAI2015"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Achievements in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#ARO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Annual
  Report Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#COTART"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Continuity
  Of The Annual Report Theme</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">FINANCIAL AND
  PERFORMANCE HIGHLIGHTS</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#FINHIGH"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Financial
  Highlights</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#BOH"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Business
  and Operational Highlight</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#STOHI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Stock
  Highlights</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#BOHIGH"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Bond
  Highlights</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#DIHI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Dividend
  Highlights</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CSRPKBL"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Corporate
  Sosial Responsibility and PKBL Highlights</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">MANAGEMENT
  REPORT</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#BOCR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Report
  of the </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Board of </font></u><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">18</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#ROTPD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Report
  of the President Director</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">GENERAL
  INFORMATION OF TELKOM INDONESIA</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#GLANCE"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Indonesia at a Glance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">25</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TIP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Indonesia Profile</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">25</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TIM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Indonesia Milestone</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#AWCER"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Awards
  and Certifications</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#SIE2015"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Significant
  Events 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">31</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CITI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Corporate
  Identity of Telkom Indonesia</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#VIMI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Vision
  and Mission</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#COSTRA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Corporate
  Strategy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CUVAL"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Cultural
  Values</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#AOA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Articles
  of Association</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">33</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#PROSER"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Product
  and Services</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TCIDP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Trademarks,
  Copyrights, Industry Designs and</font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Patents</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TIMAN"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Indonesia Management</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#COMBOCBOD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Composition
  of Board of Commissioners and Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">37</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#TOS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom's Organizational
  Structure</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">38</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#BOCPRO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Board of
  Commissioners Profile</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">40</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#BODPRO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Board of
  Director Profile</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">42</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#COMMPRO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Committees
  Profile Under the Board of Commisioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">45</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#EXPRO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Executives
  Profiles</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">47</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TBG"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Business Group</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TBGS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom Business Group Structure</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#SACOM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Subsidiaries and Associated Companies</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">49</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#ENAC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Employee
  Numbers and Composition</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">53</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#RWG"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Relationship
  With Government</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">53</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#SOO"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Stock </font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Overview and Obligation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">55</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#SHACOM"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Shareholder Composition</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">55</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CHROSIS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chronology of Stock Issued</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">57</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CHROS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chronology of Other Securities</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">58</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CMSP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Capital
  Market Supporting Professional</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">59</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CMTMTA"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Capital Market Trading </font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mechanism </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and
  Telkom</font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> ADS</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">60</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#ATI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Address
  of Telkom Indonesia</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">62</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;">MANAGEMENT DISCUSSION AND ANALYSIS OF TELKOM
  INDONESIA PERFORMANCE</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#ECINOV"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Economic</font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
  and Industry Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">67</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#MACRO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Global Macro Economy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">67</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#IMECO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Indonesian Macro Economy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">68</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#TIDI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telecommunications Industry in
  Indonesia</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">68</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#COMPET"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Competition</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">70</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#BOVER"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Business Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#SWP2015"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Strategic Working Program of 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#BPORT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Business Portfolio</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#OOS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Operational </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview </font></u><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">by
  Segment</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">73</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#TROO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom&#8217;s Results of Operation by
  Segment</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">73</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#MASTRA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Marketing Strategy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">78</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#PRODOVER"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Product </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">80</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#OOTR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">O</font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">verview of
  Telecommunication Rates</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">82</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#PS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Promotion Strategies</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">84</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#DISC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Distribution Channels</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">84</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#STC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Service to Customers</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">85</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CRM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Customer Receivable Management</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">87</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#FINOV"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Financial </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">89</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#FPOTI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Financial Performance of Telkom
  Indonesia</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">89</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#FPO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Financial Position </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">89</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#ISO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Income Statement Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">91</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#CFSO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Cash Flow Statement Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">100</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#OIRFO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Other Information Related to
  Financial Overview</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">102</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#OBLIG"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Obligation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">102</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#LIQUID"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Liquidity</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">103</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#WC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Working Capital</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">103</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#SOLV"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Solvency</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">104</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#RECOLL"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Receivable
  Collectability</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">104</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#CS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Capital Structure</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">104</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#CAPEX"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Capital Expenditures</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">105</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#MCFCE"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Material Commitment For Capital </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Expenditures&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">105</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#FA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Fixed Asset</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">106</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#INS"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Insurance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">107</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TAX"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Taxation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">107</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#MALI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Materiality
  Limitations</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">110</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#MC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Material Contract</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">110</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#MIIED"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Material Information
  of Investment, Expansion, Divestment, Acquisition And Debt/Capital
  Reastructure</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">110</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#MICIAT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Material Information
  of Conflict of Interest and/or affiliated Transaction</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">111</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#MIFARD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Material Information
  and Facts After Accountant Reporting Date</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">111</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#CAP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Change in Accounting
  Policy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">111</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:justify;text-indent:-.15in;"><a href="#SDBSIAF"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Significant
  Differences Between SAK Indonesia and IFRS</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">112</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#OPOV"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Operational </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">113</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#NID"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Network Infrastructure and Development</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">113</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#RD"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Research and </font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Development&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">115</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#LIC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Licensing</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">116</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#IRCTC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Impact of The Regulation Changes
  Towards The Company</font></u></a><font face="Times New Roman" style="font-size:10.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">119</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#FUNO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Functional </font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Overview&nbsp;</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">124</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#HC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Human Capital</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">124</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;"><a href="#IT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Information Technology</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">CORPORATE
  GOVERNANCE</font></b></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TPOGCGI"><u><font color=blue face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Purpose of Good Corporate Governance Implementation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">137</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#CF"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Concept and Foundation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">137</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#FAROTSOGI"><u><font color=blue face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Framework and Roadmap of the Strengthening of GCG
  Implementation Practice</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">138</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#RMSCG"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Road Map and Strengthening of Corporate Governance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">140</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#RASS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Rating of Assessment of Corporate Governance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">143</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#CGA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Corporate Governance Awards</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">143</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TSAMOFCG"><u><font color=blue face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Structure and Mechanism of Good Corporate Governance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">144</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#GMOS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">General Meeting of Shareholders</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">144</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom&#8217;s Shareholders</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">144</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRAND"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Rights &amp;
  Responsibilities of the Shareholders in the General MeetingoOf Shareholders</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">145</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#GRAPFHA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">General Rules and
  Procedures for Holding AGMS</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">145</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#GI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">GMS Implementation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">146</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#WRMBTBOCABOD"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Working Relationship Management Between The Board Of
  Commissioners And Board Of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">149</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#DOAART"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Distribution
  of Authority and Arrangements Regarding the Approval of the Board of
  Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">149</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#JMAND"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Joint
  Meetings &amp; The Attendance of Joint Meetings</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">150</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#ROTJOI"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Resolution
  of the Joint Meeting of the Board of Commissioners &amp; Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">150</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#MRTRBTB"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Mechanism
  Regarding the Relations Between the Board of Commissioners, Board of
  Directors and Majority and/or Controlling Shareholders</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">150</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#BOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">151</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TBOCC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Board of
  Commissioners Charter</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">151</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TCCAOTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Criteria,
  Condition and Selection of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">151</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TDOTCOTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Diversity of
  the Composition of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">152</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IOTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Independence of the
  Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">153</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MPOTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Multiple Positions of
  the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">153</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TAAOTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Tasks and
  Authority of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">154</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MATAOTBOCM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Meeting and the
  Attendance of the Board of Commissioners Meeting</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">154</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ROTI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Report on the
  Implementation of the Supervisory Task of the Board of Commissioners in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">156</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TEP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Enhancement Program
  of the Competence of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">157</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TAOTP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Assessment of the
  Performance of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">157</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ROTBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Remuneration of the
  Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">158</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PFDAAOR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Procedure for
  Determination and Amount of Remuneration of the Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">158</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#SOBMOBOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Share Ownership by
  Members of Board of Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#TBOCS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">The
  Board of Commissioners Secretariat</font></u></a><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#BOD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DGE"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Definition / General
  Explanation of Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#BODC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Board of Directors&#8217;
  Charter</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#COB"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Criteria of Board of
  Directors Members</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">160</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#CDATO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Composition,
  Diversity and Term of Office of the Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">161</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Tasks, Responsibilities
  and Authorities of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">162</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DOA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Delegation of Authority
  and Company&#8217;s Management Policies by Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">164</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MAAR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Meetings, Attendance
  and Results/Resolutions of the Meeting of the Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">164</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#CEPOTBOD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Competence
  Enhancement Program of the Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">166</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#EAOTP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Evaluation/Assessment
  of the Performance of the Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">168</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PPAR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Policies, Procedures
  and Remuneration of Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">169</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#SOBBOD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Share Ownership by
  Board of Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">170</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CUTBOC"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Committees Under </font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">t</font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">he Board </font></u><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">o</font></u><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">f Commissioners</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">171</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#AC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Audit Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">171</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#COAC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Charter of Audit
  Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">171</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Membership Requirements</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">171</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TOOOT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Term of Office of the
  Members of Audit Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">172</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IOTMOAC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Independence of the
  Members of Audit Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">173</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#EFTLRIT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Exemptions from the
  Listing Requirements in the United States for the Audit Committe</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">173</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#QOM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Qualification of
  Members of the Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">174</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PAP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Pre-Approval Procedures
  and Policies of Audit Committees</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">174</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TAAR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Tasks and
  Responsibilities of the Audit Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">174</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#WM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Work Meetings / Meetings
  Attendance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">175</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TIR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Task Implementation
  Reports of the Audit Committee in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">176</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#NARC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Nomination and Renumeration Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">178</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#NARCP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Nomination and
  Renumeration Committee Personnel</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">178</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DOEKMD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Description of Each
  KNR Members&#8217; Duties</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">178</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DAR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Duties and
  Responsibilities of the Nomination and Remuneration Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">179</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MAA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Meetings and Attendance
  of the Nomination and Remuneration Committee Meetings</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">179</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ROTIW"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Report of the
  Implementation Work of the Nomination and Remuneration Committee in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">184</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#PAREAMC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Planning and Risk Evaluation and Monitoring Committee</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">186</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#KP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">KEMPR Personnel</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">186</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#BPKEMPR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Brief Profile of KEMPR Members other than the Board of
  Commissioners Members</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">186</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DOTOEM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Description of tasks
  of Each Member of KEMPR</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">186</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DAROK"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Duties and
  Responsibilities of KEMPR</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">187</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#MAAOTKM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Meetings and
  Attendance of the KEMPR Meetings</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">187</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=76% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ROKDI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Report of KEMPR
  Duties Implementation in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">188</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#CSIR"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporate Secretary/Investor Relations (&#8220;IR&#8221;)</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">190</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#FCS"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Function
  Corporate Secretary</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">190</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#DAR"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Duties
  and Responsibilities of Corporate Secretary</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">190</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#CSO"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporate
  Secretary Officer</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">190</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#POCSO"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Profile
  of Corporate Secretary Officer</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">190</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#CSCE"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporate
  Secretary Competence Enhancement</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#ICS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Internal Control System</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#FAOC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Financial and
  Operational Control</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#C"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Compliance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#EOTE"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Evaluation on the
  Effectiveness of Intenal Control</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">192</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#IAU"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Internal Audit Unit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">193</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#SAPOTIAU"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Structure and
  Position of the Internal Audit Unit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">193</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IAC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Internal Audit Charter</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">193</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#VMTAROIA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Vision, Mission,
  Tasks and Responsibilities of Internal Audit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">193</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IIAU"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Independence Internal
  Audit Unit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TAPANOTC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">The Appointment
  Procedure and Name of the Chairman of the Internal Audit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#BPOTH"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Brief Profile of the
  Head of Internal Audit Unit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#NOP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Number of Personnel of
  Internal Audit Unit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#Q"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Qualification/Professional
  Certification</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">195</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TIAAIPO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom Internal
  Audit Active in Professional Organizations</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">195</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#AACAI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Audit and Consulting
  Activity in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">195</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IAT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Internal Audit Training</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#EU"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">External Audit</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ABO"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Audit by others
  External Audit Institutions</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#RM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Risk Management</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IORM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Implementation of Risk
  Management</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#IORMP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Implementation of
  Risk Management Policy and Framework</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">198</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#RF"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Risk Factors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">201</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#LI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Legal Issues</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">216</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#AAT"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Access And
  Transparency of Information</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PNA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Publication Notice
  Advertisement/Announcement</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">218</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PR"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Press Release</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">218</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#W"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Website</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">221</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TISMEDIA"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom Indonesia
  Social Media</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">221</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#POTP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Presentation of Telkom&#8217;s
  Performance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">222</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TOIC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Transparency of Internal
  Communications</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">223</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DABMAE"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Dialogue Activities
  Between Management and Employees</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">223</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#RWS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Relationship with Stakeholders</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">223</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#BEACC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Business Ethics and Corporate Culture</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">224</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#VRSWS"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Violations Reporting System (Whistleblowing System)</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">226</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#COGI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Consistency on GCG Implementation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=76% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#SDOGPI"><u><font color=blue face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Significant Differences of GCG Practices in Indonesia and NYSE
  Standards</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">CORPORATE
  SOCIAL RESPONSIBILITY AND PKBL</font></b></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TSRC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom's Social Responsibility Commitments</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">235</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><a href="#VAM"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Vision and
  Mission</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">235</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#POTC"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Purpose of
  Telkom CSR</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">235</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TCS"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom CSR Strategy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">235</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#LBAP"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Legal Basis
  and Policy</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">236</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#SOTC"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Scope of
  Telkom CSR</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">236</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#OG"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Organization
  Governance</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">236</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TCBA"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom CSR Budget Allocation</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#AAAOCPBOI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Awards and Achievement of CSR Performance Based on Iso
  26000</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#CAI"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">CSR Awards in 2015</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#AOCPBO"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Achievement of CSR Performance Based on Iso 26000</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#AAPOTC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Activities and Programs of Telkom CSR</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRT"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom&#8217;s
  Responsibility to Environment</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">237</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRF"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom
  Responsibility for Employment, Occupational Health and Safety</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">240</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRFSD"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom
  Responsibility for Social Development and Community</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">245</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TRTC"><u><font color=blue face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom
  Responsibility to Customers</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">246</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#PACDP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Partnership and Community Development Program (PKBL)</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">248</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#TCDC"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Telkom Community
  Development Center</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">248</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#ROTFD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Realization of the
  Fund Distribution of Partnership and Community Development Program</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">250</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#DROTCD"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Distribution
  Realization of the Community Development Program</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">251</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#PACDPP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Partnership and
  Community Development Program Performance &amp; CSR Index</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">252</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#AACDPP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Activities and
  Community Development Partnership Program</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">254</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:justify;text-indent:-.15in;"><a href="#EVP"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Employee Volunteer
  Program (EVP)</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">255</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">APPENDICES</font></b></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#DEFIN"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Definitions</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">256</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=76% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#STATEMENT"><u><font color=blue face="Times New Roman" style="font-size:10.0pt;">Statements of the Member of Board of Commissioners and
  Directors</font></u></a></p>
  </td>
 <td valign=bottom width=23% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;">263</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COTART></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CONTINUITY
OF THE ANNUAL REPORT THEME</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We are consistent
with strategic steps to build a sustainable competitive growth. This is
reflected in our Annual Report summarized in the continuity of the following
themes:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2011: </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Moving Forward</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> Beyond Telecommunications</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Advances in
  broadband-based technology significantly closed the gap between users. We
  used this opportunity by strengthening </font><i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">broadband</font></i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">-based infrastructure
  to support innovative services and products towards Information, Media and
  Edutainment (&quot;IME&quot;).</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2012:
  Bringing Indonesia to the Digital Society</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We
  pioneered the digital community in Indonesia with a focus on providing
  services in Information, Media, Edutainment and Services, including the
  development of Indonesia Digital Network.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2013: Creating
  Global Talent</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> and Opportunities</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">International
  expansion has become a necessity for us to be able to maintain a high and
  sustainable growth rate. This strategic initiative has led us to achieve
  double-digit</font><i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">growth and solidify us as a provider company for TIMES
  service, which is dominant in Indonesia and is considered in the region.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:106%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2014: Sustainable
  Competitive Growth through Digital Business</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Investing in
  digital business is a necessity for Telkom to improve competitiveness while
  maintaining sustainable competitive growth in the future.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2015: Building
  Indonesian Digital Society</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">In order to
  realize a digital society, Telkom provides high quality connectivity through
  infrastructure development and developing content and applications that are
  useful in people's daily lives so as to provide the best digitization
  experience for customers.</font></p>
  </td>
 </tr>
</table></div>

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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FINANCIAL
AND PERFORMANCE HIGHLIGHTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=FINHIGH></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FINANCIAL HIGHLIGHT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=38% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Consolidated Statements
  of Comprehensive Income</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=9 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(in billions of Rupiah, except for net income per
  share and per ADS)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">102,470</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">89,696</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">82,967</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">77,143</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">71,253</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Expenses</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">71,552</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">61,564</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">57,700</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">54,004</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">49,960</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">EBITDA</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51,415</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">45,673</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">41,776</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">39,757</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">36,558</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Operating profit</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32,418</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29,206</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27,846</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25,698</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">21,958</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Profit for the year</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23,317</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">21,274</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,290</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18,362</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,470</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Profit for the year attributable to:</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Owners of the parent company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,489</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,471</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,205</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,850</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,965</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Non-controlling interest</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,828</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,803</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,085</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,512</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,505</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total comprehensive income for the year</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23,948</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22,041</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,402</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18,388</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,481</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total comprehensive income attributable to:</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Owners of the parent company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16,130</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,296</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,317</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,876</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,976</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Non-controlling interest</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,818</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,745</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,085</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,512</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,505</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Net income per share</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">157.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">148.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">147.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">133.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">111.9</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Net income per ADS (1 ADS : 200 common stock)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31,553.4</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29,625.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29,483.6</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">26,767.6</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22,386.8</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=38% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Consolidated Statement of Financial Position </font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=9 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Date December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(in billion of Rupiah)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Assets</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">166,173</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">141,822</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">128,555</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">111,369</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">103,054</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Liabilities</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72,745</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">55,830</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51,834</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">44,391</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">42,073</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Equity attributable to owner of the parent company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">75,136</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">67,721</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">59,823</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51,541</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">47,510</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Net working capital (Current Asset - Current
  Liabilities)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,499</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,976</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,638</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,866</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(931</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Investment in associate entities</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,807</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">304</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">275</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">235</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=38% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Capital Expenditure</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=9 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(in billion of Rupiah)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,641</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,099</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,313</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,040</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,202</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkomsel</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,321</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,002</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,662</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,656</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,472</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Others Subsidiaries</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,439</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,560</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,923</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,576</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,929</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">26,401</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24,661</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24,898</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,272</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,603</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td rowspan=2 width=38% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Consolidated Financial and Operation Ratios</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=9 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Return on Asset (ROA (%)<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Return on Equity (%)<sup>(2)</sup></font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">21.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23.1</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Operating Profit Margin (%)<sup>(3)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">33.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">33.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">30.8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Current Ratio (%)<sup>(4)</sup></font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">135.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">106.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">116.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">116.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">95.8</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total Liabilities to Equity
  (%)<sup>(5)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">96.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">82.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">86.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">86.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total Liabilities to Total
  Assets (%)<sup>(6)</sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">43.8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">39.4</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">40.3</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">39.9</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">40.8</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(1)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;text-transform:uppercase;">Roa&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;"> is calculated as profit for the year attributable to
owner of the parent company divided by total assets at year end December 31.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;text-transform:uppercase;">Roe&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;"> is calculated as profit for the year attributable to
owners of the parent company divided by total equity attributable to owner of
the parent company at year end December 31.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(3)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating Profit Margin is calculated
as operating profit divided by revenues.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(4)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Current Ratio is calculated as
current liabilities divided by current liabilities at year end December 31.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(5)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities to Equity Ratio is
calculated as total liabilities divided by total equity attributable to owners
of the parent company at year end December 31.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">(6)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities to total assets ratio
is calculated as total liabilities divided by total assets at year end December
31.</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=BOH></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUSINESS AND OPERATIONAL
HIGHLIGHT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td rowspan=2 valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Year ended on December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Broadband Subsribers</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  broadband</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,983</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,400</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,013</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Mobile
  broadband</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">43,786</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31,216</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,271</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Broadband
  Subsribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">47,769</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,616</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,284</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Cellular Subsribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Postpaid
  (kartuHalo)</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,509</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,851</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,489</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Prepaid
  (simPATI, Kartu As, Loop)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">149,131</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">137,734</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">129,023</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Cellular Subsribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">152,641</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">140,585</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">131,513</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Fixed Line Subsribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  wireline (POTS)</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,277</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,698</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,351</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  wireless</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">N/A<sup>(1)</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,404</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,766</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Fixed Line
  Subsribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,277</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,102</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16,117</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Other Subscribers</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Datacomm</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">Mbps</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,907,012</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">930,327</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">381,440</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Satelit-transponder</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">MHz</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,648</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,560</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,007</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Network</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">BTS</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">unit</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">103,289<sup>(2)</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">85,420<sup>(2)</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">75,579</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Customer Services</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">PlasaTelkom</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">location</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">572</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">572</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">572</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Grapari</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">location</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">414</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">409</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">408</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Grapari
  Mobile</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">unit</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">392</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">268</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">268</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employees</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">people</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25,011</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="background:white;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(1) Until the end of 2015,
  wireless subscribers get migration program to cellular subscribers</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=100% style="background:white;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(2) Since 2014 base stations
  that we disclose was a cellular BTS</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=STOHI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">STOCK HIGHLIGHT</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
following figures are the report of the highest, lowest, and closing of stock
price, trading volume, outstanding shares and market capitalization of common
stock listed on the Indonesia Stock Exchange (&#8220;IDX&#8221;) for the periods indicated:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=11% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Price per Share of Common Stock</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Calendar </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">High</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Low</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Closing</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Volume </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Outstanding </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Market Capitalization</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Year</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(in Rupiah)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(shares)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,610</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,320</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,410</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22,207,895,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">96,931,696,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">142,128</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,990</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,330</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,810</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23,002,802,500</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">95,745,344,100</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">182,448</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,580</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,760</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,150</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27,839,305,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">97,100,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">216,720</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,010</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,060</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,865</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24,035,761,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">288,792</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">First Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,420</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,060</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,215</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,647,275,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">97,100,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">223,272</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Second Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,700</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,150</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,465</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,736,807,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">248,472</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Third Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,010</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,465</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,915</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,313,076,900</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">293,832</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Fourth Quarter</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,930</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,590</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,865</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,338,601,300</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">288,792</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,485</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18,742,850,400</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">312,984</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">First Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,020</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,770</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,890</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,209,728,100</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">291,312</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Second Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,955</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,595</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,930</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,816,156,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">295,344</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Third Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,970</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,485</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,645</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,061,559,500</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">266,616</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Fourth Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=calibri,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,655,406,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">312,984</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">September</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,875</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,485</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,645</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,156,524,800</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">266,616</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">October</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,830</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,680</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,525,378,700</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">270,144</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">November</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,980</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,660</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,930</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,506,268,100</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">295,344</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,900</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,623,759,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,198,216,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">312,984</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2016</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">January</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=calibri,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,385</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,125</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,340</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,748,979,300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,198,216,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">336,672</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">February</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=calibri,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,370</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,140</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,250</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,932,672,100</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,198,216,600</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">327,600</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(1)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">We conducted a two for one split of
our common stock from a nominal value of Rp500 per share to Rp250 per share as
resolved by the AGMS on July 30, 2004, effective October 1, 2004.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(2)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">We conducted a five for one split of
our common stock from a nominal value of Rp250 per share to Rp50 per share as
resolved by the AGMS on April 19, 2013, effective September 2, 2013</font><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">.&nbsp;</font></i></b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(3)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">The price per share of the common
stock reflects this two splits above</font><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;"> </font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">for all periods shown.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(4)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Market capitalization is the product
of the share price and issued and fully paid shares which is 100,799,996,400
shares.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">On the last day of trading on the IDX in 2015, which was
December 30, 2015, the closing price for our common stock was Rp3,105 per
share.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">In the table below, we present the ADS price (high, low,
and closing) and ADS trading volume on the New York Stock Exchange
(&quot;NYSE&quot;) and the London Stock Exchange (&quot;LSE&quot;) for the
indicated periods. In the LSE, Telkom ADS is traded over the counter (OTC),
meaning that the transaction occurs &quot;off exchange&quot;. After a
transaction has taken place, then it is reported to the LSE.</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><img border=0 height=228 src="x16040107550500.gif" width=739>&nbsp;</p>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td width=8% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Price per ADS (NYSE)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=3 width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Volume</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">(in ADS)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Price per ADS (LSE)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=3 width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Volume</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">(in ADS)</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td colspan=3 valign=bottom width=18% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Calendar Year</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">High</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Low</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Closing</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">High</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Low</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Closing</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">(in US Dollars)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">(in US Dollars)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2011</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">36.96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">30.29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">30.74</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">69,279,100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">35.89</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">21.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">30.50</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">1,406,292</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2012</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">41.14</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">29.26</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">36.95</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">88,190,589</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">40.12</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">30.24</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">36.50</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">746,278</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2013</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">50.61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">33.75</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">35.85</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">67,061,105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">50.59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">33.44</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">35.33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">6,579,103</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2014</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">48.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">33.91</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">45.23</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">52,250,948</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">38.42</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">12,008</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">First
  Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">40.59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">33.91</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">16,346,799</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.55</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">38.42</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.55</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">986</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Second
  Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">44.45</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.00</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">41.66</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">16,409,533</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.95</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.00</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">11,022</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Third
  Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">48.75</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">41.69</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">48.10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">9,670,921</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Fourth
  Quarter</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">48.43</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">42.29</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">45.23</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">9,823,695</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2015</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">47.07</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">34.09</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">44.40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43,719,116</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">First
  Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">47.07</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">41.11</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.54</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">9,175,837</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Second
  Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">44.95</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">40.51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.39</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">10,897,235</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Third
  Quarter</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">43.97</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">34.09</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">35.65</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">10,220,243</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">Fourth
  Quarter</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">45.51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">34.93</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">44.40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">13,425,801</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">September</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">40.32</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">34.09</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">35.65</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">3,973,606</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">October</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">41.31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">34.93</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.76</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">4,939,512</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">November</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">42.99</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">39.22</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">42.51</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">3,893,219</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">December</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">45.51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">40.77</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">44.40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">4,593,070</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">2016</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></b></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">January</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">49.08</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">42.44</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">49.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">4,551,440</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">February</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">49.81</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">47.99</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">49.05</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">3,951,637</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">-</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:.15pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;line-height:normal;">On the last day of trading on the NYSE in 2015, which was
December 31, the closing price for one Telkom ADS was US$</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 44.40.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Effective June 5, 2014, due to the low level of our ADSs
traded, we delisted our ADSs listing from the LSE. The closing price of Telkom
ADS last transaction on the LSE for our ADS on June 4, 2014 was </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">US$&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> 43.00.</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><img border=0 height=289 src="x16040107550501.gif" width=683>&nbsp;</p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=BOHIGH></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BONDS HIGHLIGHT</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table
was bond summary:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Bond</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Outstanding (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Issuance Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Maturity Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Term (Year)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Interest Rate</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Underwriter</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Trustee</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Rating</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Bond II 2010 Serie
  B</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">1,995,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 25, 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">July 6, 2020</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10.20%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;">PT Bahana Sekuritas;
  PT Danareksa Sekuritas; PT Mandiri Sekuritas</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT CIMB Niaga Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">idAAA</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Bond I 2015 Serie A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">2,200,000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2022</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">9.93%</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bahana Sekuritas; PT
  Danareksa Sekuritas; PT Mandiri Sekuritas; PT Trimegah Sekuritas</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bank Permata Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">idAAA</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Bond I 2015 Serie B</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">2,100,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2025</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10.25%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bahana Sekuritas; PT
  Danareksa Sekuritas; PT Mandiri Sekuritas; PT Trimegah Sekuritas</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bank Permata Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">idAAA</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Bond I 2015 Serie C</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">1,200,000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2030</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">15</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10.60%</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bahana Sekuritas; PT
  Danareksa Sekuritas; PT Mandiri Sekuritas; PT Trimegah Sekuritas</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bank Permata Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">idAAA</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Bond I 2015 Serie D</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">1,500,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 23, 2045</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">11.00%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bahana Sekuritas; PT
  Danareksa Sekuritas; PT Mandiri Sekuritas; PT Trimegah Sekuritas</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PT Bank Permata Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">idAAA</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=DIHI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DIVIDEND HIGHLIGHT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The Annual General Meeting of
Shareholders (&#8220;AGMS&#8221;) has the authority to determine the amount of dividends we
pay. Our dividend payout ratio for 2015 will be decided at the AGMS scheduled
for 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;letter-spacing:.1pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.02%;">
 <tr style="height:1.0pt;">
  <td colspan=9 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Cash Dividend Table</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;letter-spacing:.1pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Dividend Year</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Date of AGMS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Payout Ratio (%)<sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Amount of Dividends</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">(Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">Dividend per Share</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">After Stock Split (Rp)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">2010</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">May 19, 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">55</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">6,345,350<sup>2</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">64.52</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">2011</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">May 11, 2012</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">65</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">7,127,333<sup>3</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">74.21</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">April 19, 2013</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">65</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">8,352,597<sup>4</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">87.24</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">2013</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">April 4, 2014</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">70</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">9,943,294<sup>5</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">102.40</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">2014</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">April 17, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">60</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">8,782,812<sup>6</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">89.46</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;letter-spacing:.1pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;letter-spacing:.1pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(1)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Represents the percentage of profit
attributable to owners of the parent paid to shareholders in dividends.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Including interim cash dividend
paid in December 2010 and January 2011 amounting to Rp276,072 million and
Rp250,085 million respectively.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(3)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Consists of cash dividend amounting
to Rp6,030,820 million and special cash dividend amounting Rp1,096,513 million.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(4)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Consists of cash dividend amounting
to Rp7,067,582 million and special cash dividend amounting Rp1,285,015 million.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(5)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Consists of cash dividend amounting
to Rp7,812,588 million and special cash dividend amounting Rp2,130,706 million.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(6)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Consists of cash dividend amounting
to Rp7,319,010 million and special cash dividend amounting Rp1,463,802 million.</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telkomsel
Dividend</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Pursuant to the AGMS of Telkomsel on April 2, 2015,
Telkomsel approved, the payment of a cash dividends in the amount of Rp17,463
billion, which represented 90% of Telkomsel's net profits in 2014, and by a
shareholders&#8217; resolution dated September 23, 2015, Telkomsel approved the
payment of an additional cash dividend in the amount of Rp4,851 billion which
represented 25% of Telkomsel&#8217;s net profits in 2014. Based on share ownership, Telkom
entitled to receive 65% of any dividends approved by Telkomsel to be shared.</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=CSRPKBL></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CORPORATE
SOCIAL </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">RESPONSIBILITY &amp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PKBL HIGHLIGHTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=35% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Responsibility for Social &amp; Community Development</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Actual Distribution</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">Rp billion</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">340.96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">396.42</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">118.21</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number of Fostered Partners</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">partner</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,981</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,163</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,975</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=35% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Responsibility toward the Environment</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Distribution of fund for
  community development</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">Rp billion</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">80.84</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">82.81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">55.76</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Employee Volunteer Program *</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Numbers
  of Participant</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">people</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,722</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Numbers
  of Activity</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">activity</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=35% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Responsibility toward Labor, </font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Work Health and Safety</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Numbers of program</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">program</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Program Value</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">Rp billion</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3.1</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8.0</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.0</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=35% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Year ended December 31,</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Responsibility toward Customer</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Corporate Customer -
  Wholesale</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Satisfaction Index / CSI</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">84.05</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">83.99</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">84.22</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Loyality Index / CLI</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">85.49</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">82.66</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">81.55</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Corporate Customer -
  Enterprise</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Satisfaction Index / CSI</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">90.66</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94.26</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94.55</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Loyality Index / CLI</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94.90</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">85.74</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">90.86</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Personal Customer</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Satisfaction Index / CSI</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">83.06</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">83.77</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">80.16</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Customer
  Loyality Index / CLI</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">78.64</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">73.51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">67.64</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">*) </font><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee
Volunteer Program started in 2015.</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">13</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">MANAGEMENT
REPORT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=BOCR></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">REPORT OF THE BOARD COMMISSIONER
</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, Indonesia's
economy grew quite well although slightly below the original target, which is
4.8% growth. Various factors, both external and internal, causes slower
economic growth. External factors that influenced among others are the
weakening of global economy in general, including China which is the largest
trading partner of Indonesia, as well as falling commodity prices that gave
economic impact for Indonesia, especially outside of Java. While the most
important internal factor is the weakening purchasing power of people, one of
them as a result of the removal of fuel subsidy by the end of 2014. The
purchasing power of the people is the key to economic growth of more than half
of Indonesia's gross domestic product contributed by household consumption or
expenditure.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In a slowing
domestic economy, the telecommunications sector actually recorded a fairly good
growth, namely by 9% YoY. This shows that the telecommunications sector is
quite resilient to the crisis therefore has become a basic need for people. The
increasing use of telecommunications services does not only occur in urban
areas, but also going into the rural parts.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the industry,
especially in the mobile segment, throughout 2015 was marked by the level of
competition is quite healthy and rational, one of them as a result of industry
consolidation in the last period. While in the fixed-line segment, although
Telkom is dominant, there are some newcomers who offer fixed broadband services
which also includes internet and television services. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Views on Business
Prospects</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
telecommunications industry, information technology and its derivatives in
Indonesia still offers considerable growth opportunities. Along with economic
growth, more room to grow, especially coming from broadband services, both
mobile and fixed, where the level of smartphone penetration and fixed broadband
is still relatively low, thus giving an opportunity for the Company to grow its
business. Consumer behavior is also increasingly requiring the mobile broadband
service where smartphone users are growing rapidly, which will further
encourage the consumption of data. While at the same time, households in
Indonesia are also increasingly feeling the importance of high-quality fixed
broadband service, which is still focused on the big cities only. In line with
the increasingly widespread broadband services, supported by a network of good
telecommunications infrastructure, it will encourage the creation of growth
opportunities in the digital economy such broader scale digital lifestyle,
digital payment and digital advertisement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom has
advantages compared with other telecom companies in serving the digital needs
of the community as it has started early so that infrastructure, product,
service availability and readiness of human-resources have been through the
process which will only be initiated recently by the other operators. Other
operators are also now starting to enter the information technology industry,
pay television and other digital industries, something that confirm the fact of
the growth, on the other hand it makes the digital industry will be even more
dynamic in the future. While on the other hand, although the legacy services
(voice and SMS) has reached saturation point, the Company is expected to still be
able to pursue growth with a smart strategy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to
focusing on the growth of domestic market that is large in size, international
business opportunities can still be explored further, both in the field of
telecommunication and other related fields. Since the enactment of AEC in 2015
provides an opportunity for Telkom to further expand and strengthen its
footprint in the region. Therefore, even though it started its international
operations, Telkom should continue to improve in various aspects, including
human resources, to face the opportunities and challenges at the international
level.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Views on Company
Performance for 2015</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recorded
a remarkable performance in 2015 with revenue growth of 14.2%, well above the
industry average. Revenue target of Rp100 trillion launched in early 2015 may
be exceeded with the achievements income of Rp102,584 billion. The achievement
is supported by the superior performance of its subsidiary engaged in mobile
services, PT Telekomunikasi Seluler (Telkomsel), which again recorded a triple
double digit growth for revenue, EBITDA and Net Income. Meanwhile, for the
fixed line service, Telkom recorded a milestone by achieving more than 1
million customers of IndiHome, triple play service, which was launched in early
2015 consisting of home phone service, high-speed internet and IPTV which is
entirely based on fiber optics.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BOC sees that the
achievement of this performance shows that the Company has been able to
establish the right strategy and have the ability to execute the strategy very
well. The Company is continuing three primary program, which strengthens
Telkomsel continues to grow above the industry average, to build Indonesia
Digital Network in order to realize the Digital Society, as well as the expansion
of Telkom's presence in regional and international markets. We see the Board of
Directors have a high awareness of the changes in the telecommunications
industry is so dynamic, both in terms of technology and competition. The Board
of Directors is able to adjust the </font></p>





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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">company's strategy
well and set priorities accordingly. We very much appreciate how the Board of
Directors position themselves to face the changes that occur and bring Telkom
to successfully take advantage of every opportunity optimally. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Good Corporate
Governance and Oversight by the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The present company
achievements can not be separated from the commitment to constantly improve
itself, especially in the field of implementation of corporate governance or
Good Corporate Governance (GCG). The Company continued to improve the
implementation and enforcement of the values of good corporate governance (
&quot;GCG&quot;) which follows the highest standards (best practices), in order
to provide a strong foundation to continue to grow sustainably in the future.
Good governance at the operational level is very important to be able to
maintain the achievement of the target in the medium term and long term.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BOC is confident
that a strong commitment on the implementation of GCG could encourage the
creation of healthy companies and adherence to ethics, rules and regulations in
place.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Implementation of
GCG of Company received recognition from several independent parties. During
the 2015 Telkom received some prestigious awards that include: Indonesia
Sustainability Reporting Award (ISRA), The Best State Owned Enterprise of the
IICD and the Annual Report Award (ARA). The Company is expected to continuously
strengthen its governance practices in accordance with the best standards that
exist to ensure the company is well managed and accountable. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Views on
Committee Performance under the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In carrying out its
oversight function, the Board of Commissioners is assisted by three committees,
namely the Committee on Evaluation and Monitoring Risk Planning (KEMPR), the
Audit Committee, and Nomination and Remuneration Committee, which has worked
well and gave full support to the Board so that the Board can perform its
duties and function to supervise the Board of Directors for 2015. The Board
also provides advice and input to the Board of Directors to ensure that the
business strategy and governance is conducted well. Supervision and inputs by
BOC is delivered through KMPR, the Audit Committee, and the Nomination and
Remuneration Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">These committees
have run its course in accordance with the duties and responsibilities
effectively by carrying out a systematic review of management processes on the
activities of the corporation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In order for the
three committees to perform tasks and functions better in the future, the Board
of Commissioners gives encouragement to the members of the Committee to
continue to updating their knowledge about the industry, business and
technology in the field of telecommunications.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015 there has
been a change in the composition of the Board of Commissioners. General Meeting
of Shareholders ( &quot;GMS&quot;) approved the honorable dismissal of Mr
Johnny Swandi Sjam and Virano G Nasution as Independent Commissioner and Mr.
Imam Apriyanto Putro as Commissioner. The GMS then appointed Mr. Rinaldi
Firmansyah and Mrs. Pamela Johanna Pamiyati Waluyo as Independent Commissioner
and Mr. Margiyono Darsasumarja as Commissioner. Furthermore, the composition of
Board of Commissioners of the Company as of April 17, 2015 is as follows: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:475.199982pt;">
 <tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Hendri Saparini</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: President Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Margiyono Darsasumarja</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Rinaldi Firmansyah</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Pamiyati Pamela Johanna</font></p>
  </td>
 <td valign=top width=66% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">: Independent Commissioner</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Goals for the
Future</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Board of
Commissioners believes that Telkom should strengthen synergies between
subsidiaries to create a more efficient operational performance, given the
increasingly competitive telecommunications industry in the future. The Company
must continue to grow, so investing in infrastructure development should be
done consistently, effectively and efficiently. Mobile business unit as a major
contributor of the Company to be further strengthened by aggressively growing
its digital business segments. Development of Indonesia Digital Network
connectivity should be able to reduce the gap so as to bring greater benefits
for the nation of Indonesia. Furthermore, Telkom must also prepare well to grow
its business by expanding and representing Indonesia in the Asia region.</font></p>





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of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Appreciation to
Stakeholders</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On this occasion,
the Board expressed its gratitude and highest appreciation to Mr. Johnny Swandi
Sjam, Mr. Virano G Nasution and Mr. Imam Apriyanto Putro who has carried out
duties as a Commissioner, and fulfilled their roles and contributions to the
Company during their tenure.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The outstanding
performance throughout 2015 will not be achieved without the hard work of the
Board of Directors, management and all employees of Telkom, and of course to
the trust and support of our shareholders, customers and business partners. On
behalf of the Board of Commissioners, we deliver the highest appreciation for
their hard work, dedication, commitment and contribution that has been poured
by the Board of Directors, management and all employees of Telkom throughout
2015. Hopefully, this good performance will increasingly push us to carve a
better performance in 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Jakarta, March 28,
2016</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Hendri Saparini</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">President
Commissioner</font></p>





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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=ROTPD></a><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">REPORT OF THE PRESIDENT DIRECTOR </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The honorable</font><font face="Times New Roman" lang=EN-ID style="font-size:10.0pt;line-height:normal;"> shareholders</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> stakeholders</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On behalf of the
Board of Directors of PT Telkom Indonesia (Persero) Tbk, allow us to deliver
the Company management report, the main programs, and the important
achievements in 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Macroeconomic and
Telecommunications Industry Conditions in 2015 </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the midst of slowing
down global economy in 2015, Indonesian economy can still grow by 4.8%. While
this figure is slightly lower than the previous year&#8217;s growth, this is still
better than the growth of other countries in the region. Indonesian economy can
sustain the impacts of the global economic slowdown because more than half of
the GDP is contributed by domestic consumption, such as the purchase of food
and beverages, fashion &#237;tems, automotive, housing, health, and
telecommunications items. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
telecommunications industry grows by a commandable 9%, almost twice the GDP
growth figure. This shows that the need for telecommunication and access to
information has become part of the basic needs of Indonesians, such that the
consumers will still purchase telecommunications services despite the weakening
of purchasing power due to several factors including the reduction of the fuel
subsidy in the end of 2014 and the continued weakening of commodity prices. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The trend of shift
from legacy services (voice and SMS) to data services is continuing rapidly,
pushed by the decline in the cost of smartphone and the growing youth segment.
Data traffic grow by more than 100% YoY, while SMS Service traffic declines by
more than 10%. In the future, this trend is ex</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">p</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ected to
continue, considering that the smartphone penetration in Indonesia is still
relatively low at less than 40%, coupled with the low data consumption, so the
growth in the telecommunications industry would be driven by the growth in data
services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">One of the main
challenges faced by the telecommunications industry is the increase of the use
of over the top (&#8220;OTT&#8221;) services substituting voice and SMS services, with the
increasing number of smartphone user. This is not only happening in Indonesia,
but also in developed countries where the smartphone penetration is high. Due
to this, telecommunications operators must have a business model that includes
collaboration with OTT player.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the fixed line
segment, thoughout 2015 we see the increase of the fixed broadband services,
especially in the big cities, marked by the emergence of new players.
Indonesian consumers are realizing the need for high quality internet
connection at home. Currently the fixed broadband penetration in Indonesia is
still low at 6% of households. We are confident that this segment will grow
rapidly in the future, along with the grow of the Indonesian middle class. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Strategic Work
Programs</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, Telkom
continued with the Three Main Programs that were initiated two years ago to
maintain sustainable growth. The three Programs are maintaining Telkomsel&#8217;s
double digit growth, pushing the digital business through Indonesia Digital
Network, and developing and expanding international business. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkomsel has a very
strategic role considering its contribution </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s
revenue, therefore it is important for us to ensure that Telkomsel have
performed well. We invested the majority of capital expenses to push
Telkomsel&#8217;s performance and to ensure that the capacity and quality of
Telkomsel&#8217;s network can provide prime customer experience, especially in data
services. We also have an initiative to create a synergy in network
optimization at Group level to improve efficiency at both Telkom and Telkomsel.
</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Meanwhile, Indonesia Digital Network or
ID</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">N&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> consists of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d-Access, which is a fiber optic-based broadband to
homes, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d-Ring&nbsp;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which is the fiber-based broadband
highway with national scale as backbone, and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d-Convergence&nbsp;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which is
the high capacity data center integrated with Telkom network, and is the
infrastructure foundation to support data services in celular or fixed line
business. We are confident that a broadband network infrastructure that is
superior in terms of coverage, capacity and capability will provide the best
experience for Telkom&#8217;s customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In relation to the
third strategic program, Telkom has launched several initiatives to increase
its footprint regionally, including by developing and expanding businesses in
10 countries with various business models with measured risks and are aligned
with Telkom&#8217;s overall strategy. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Company
Performance in 2015</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, Telkom
booked a very good financial performance. The consolidated revenues </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">amount to Rp102.47 trillion, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">grew by 14.2% and for the first time surpassed the
Rp100 trillion. The main driver of Telkom revenue growth is the data, internet
&amp; IT segment </font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(excluding SMS),
which grew by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">37</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.5%. This segment contributed </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">32</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% to Telkom&#8217;s
total revenue, a significant increase from last year&#8217;s </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">26</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%. This is a
sign that the Company is on the right track to be a digital company. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recorded
a high EBITDA growth of 12.6% to reach Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">51,415 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion with a superior
EBITDA margin of 50.2% while there is an operational cost pressure with the
infrastructure deployment and business expansion in the cellular and fixed line
segments. Operational costs raised by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">15</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% to become Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">70,052 &#160;billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in 2015.&#160; Meanwhile the company&#8217;s net income increased
by 7.0% to become Rp15,489 billion. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operationally,
Telkomsel strengthened its dominance in the celular market with 152.6 million
customers, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased 8.6%
compared to previous year.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> To improve
customer experience, especially in data services, Telkomsel continued its
network strengthening from capacity and outreach sides. Throughout 2015
Telkomsel built </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">17,869&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> BTS such that at the end of 2015 Telkomsel has</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 103,289</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
BTS or up</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 20.9</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%, from the previous year, where half of the BTS are
3G/4G BTS. This effort results in more than 100% increase in data traffic to
reach </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">492.2 Pe</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ta</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ytes. Telkomsel also continues to improve its 4G LTE
network outreach, such that in 2015 Telkomsel has offered 4G LTE services in 14
cities. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">For fixed line,
starting in 2015, Telkom is committed to rejuvenate its fixed line business by
launching IndiHome triple play, a product that offers 3 services
simultaneously, which are the fixed line phone, high speed internet, and IPTV,
all fiber optic-based. Telkom agressively builds its network such that at the
end of 2015 it has 10 million homes-passed fiber, as well as 1 million IndiHome
customers in 12 months since launching. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">At the same time, we
also strengthened our backbone fiber network that connects all regions in
Indonesia. In November 2015, we have completed the Sulawesi Maluku Papua Cable
System Project (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMPCS</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) that narrows the digital gap in the Eastern
Indonesia. At the end of 2015 we have </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">81,895&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> km backbone fiber network
that connects Aceh to Papua. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To support the
infrastructure strengthening, Telkom consistently allocates high capital
expenditure. This is because the data services, mobile and fixed line, is still
growing. Throughout 2015, we spent Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">26</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4 trillion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> or</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 26</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% of
our revenue to build infrastructure with the focus of supporting data services.
</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s excellent
financial and operational performances are appreciated by the capital market.
Troughout 2015, Telkom&#8217;s share Price increased by 8.4%, far beyond the growth
of the composite index that grew by negative 12.1%, and on December 31, 2015,
Telkom&#8217;s share Price reached Rp3</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">105 or amounting to market capitalization of Rp313
trillion. Telkom placed at third position in terms of market capitalization
size at the Indonesia Stock Exchange (&#8220;IDX&#8221;) with a market share of 6.7% of
IDX&#8217;s total capitalization. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Company Prospect</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We are confident that
telkom has a good business prospect and will be able to grow sustainably. The
source of growth in the future will be data services, including the celular and
fixed line segments. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the past few
years, Telkom consistently invested in telecommunications infrastructure based
on broadband, be it backbone or access, celular or fixed line for domestic or
global. This reflects the focus of Telkom&#8217;s future business which is to provide
the best data or broadband experience for customers. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesia&#8217;s data service
is still at growth cycle with a huge potential. In cellular segment, the number
of smartphone user is still low with penetration of around 40% out of total
Telkomsel&#8217;s customer, but with a high growth of number of smartphone user at
more than 50% YoY. Average monthly data consumption by smartphone user is still
relatively low at around </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">00 Mb, lower than in the developed markets. In the
future, the combination of the growth of smartphone user and the increase in
data consumption will result in higher data traffic. Last year the growth of
celular data traffic reached 1</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%. Meanwhile, Telkomsel will also expand the range of
services of its 4G LTE network to 40 cities in Indonesia and this will further
increase data use by our customers. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In legacy service, we are still striving
for growth using pricing strategy based on cluster, with reliable IT
infrastructure. While the growth is limited, the revenue from legacy services
is still dominant with contribution more than 60%. Meanwhile, around 60% of
Telkomsel customers are still using 2G or feature phone.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Growth potential
also comes from the fixed line business, especially fixed broadband. We are
aggressively building our fiber-based network, and at the end of 2015 we have
10 million fiber home-passed. We are also striving to monetize the fiber
network by empowering out fiber technician resources, in terms of quantity and
capacity. With IndiHome triple play product, we hope to accelerate the
monetization of the fixed broadband network.&nbsp; </font></p>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We are still looking
for business opportunities regionally that has strategic alignment to our
portfolio and can add value to Telkom as a whole. We plan to expand and develop
prospective business opportunities as well as exploring profitable business
models. In developing international business, we open the possibility for
inorganic growth. We need to ensure that acquisition of prospective companies
are done prudently in measured scale and by considering value addition versus
risks. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Starting in 2016, we
plan to utilize our property assets in a more systematic and structured manner.
Telkom has more than 14 million square meters of land across Indonesia. We are
confident that with the right business model, the assets will be able to
provide more benefits to the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">C</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">orporate Governance</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We endeavor to
continuously improve the implementation quality of our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">g</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ood </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">orporate
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">g</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">overnance (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GCG</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">). We use 2015 as the year of implementation of GCG
culture. By using GCG principles as norms in daily operation, we hope that the
quality of GCG implementation will continue to be maintained. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We continue to
improve our policies and GCG supporting system infrastrcutures through new
initiatives to enhance the implementation quality of GCG, through the three
pillars of Strengthening of Governance Structure, Process Strengthening,
Governance and Culture Strengthening. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We also always
improve the implementation of the Enterprise Risk Management (ERM) by improving
the policies and the risk management framework. Until today, we require all
staff and our subsidiaries staff to sign Integrity Pact every year. We also
continuously improve the IT governance as well as the internal control to
ensure the reliability of financial statements. Since 2011, we started adopting
the International Financial Reporting Standards</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IFRS</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as an implementation of our GCG. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Throughout 2015, we
have received awards from various independent parties as acknowledgements to
the implementation of GCG at Telkom, including Indonesia Good Corporate
Governance Award &#8211; Excellence for Infrastructures, Utilities and Transportation
Companies from&#160; Economic Review, IICD Award - The Best Owned State Enterprise
from the&#160; Indonesian Institute for Corporate Directorship (IICD), Annual Report
Award - 3<sup>rd</sup> winner Listed Non-Financial State-Owned Enterprises from
the Financial Services Authority (OJK), the Indonesia Stock Exchange (IDX), and
the National Committee for Governance Policy </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">KNKG</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, Best
Listed Companies Award - Top Performing Listing Companies 2015 from Investor
Magazine, and Indonesian Sustainability Reporting Award 2015 from the National
Center for Sustainability Reporting (NCSR).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate Social
Responsibility</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We fully realize
that Telkom is an inseparable part of the communities, such that we always
endeavor to contribute to our communities and to the environment wherever we
operate. We believe that the best form of contribution is by empowering the
communities with a directed approach to foster mutually beneficial
relationships. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In practice, we align Telkom&#8217;s </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">corporate social responsibility (&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CSR</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;) </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">strategy
with the company&#8217;s vision and mision and the business portfolio. The CSR theme
we have used is &#8220;Telkom Indonesia for Indonesia&#8221; with the objective of
enlightening the society through activities based on the three main pillars of
Telkom CSR, which are development of digital environment, society, and economy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The scope of Telkom
CSR is focused on the three main area, which are social, environmental, and
economic activities. The social activities are focused on the improvement of
the quality of education and the provision of educational infrastructures,
preservation of religious, art, and sport values, support to preservation of
national culture, and support to improve te quality of health of the
communities. Environmental activities are focused on humanitarian and disaster
relief programs and environmental preservation initiatives. Economic activities
are focused on community empowerment, improvement of knowledge and skills, provision
of value add to all Telkom&#8217;s stakeholders, provision of communication
infrastructures and general information, development of SMEs, and development
of digital creative industry. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Human Resources
Development</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Human resources (HR)
is the company&#8217;s most important asset. The advance or setback of a company is
determined by the quality of its human resources, at management and staff
levels. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">At Telkom, we
developed a planned and structured HR development program. We prepared a Human
Capital Master Plan designed to optimize HR potential at Telkom Group. The
development of the Human Capital Master Plan is done in integrated manner
referring to the annual, medium term and long term corporate plans, and is
aligned to the business strategy of each entity under Telkom Group. The
development of the Human Capital Master Plan is also based on the accurate and
measured human resources supply and demand analysis, using reference data from
the telecommunication industry.</font></p>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the HR management
strategy, we emphasize on harmonizing the quantity and competence of the HR to
be aligned with our business portfolio what is now focused on the digital
business. It is our commitment to always improve the synergy and efficiency
between entities under Telkom Group and to instill on the values and cultures
that have been set.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Corporate Culture</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We uphold the Telkom Way, which is a belief system and a
reference for all Telkom&#8217;s staff, as well as the supporting pillar of the
corporate culture that includes three elements, which are: the Philosophy to be
the Best that includes the philosophies for all staff to be the best; the
Principles to be the Star that includes the principles to be a stellar
individual with three values Solid, Speed, Smart (3S), and the Practices to be
the Winner which is the standard of best practices to be a winner. Telkom
Group&#8217;s organizational culture is developed based on eight elements,
Spirituality, Style, Shared Values, Strategy, Staff, Skill, System and Structure
(8S). </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Change of the Board of Directors Composition</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Throughout 2015, there has been no change in the composition
of the Board of Directors. Since December 19, 2014, the composition of the
Board of Directors is as follow: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:10.0pt;">Alex J. Sinaga&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; President
Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:10.0pt;">Indra Utoyo&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Abdus Somad Arief&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Heri Sunaryadi&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Herdy Rosadi Harman&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Dian Rachmawan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Honesti Basyir&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Muhammad Awaluddin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : &#160;&#160;&#160; Director</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Acknowledgment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On behalf of the Directors, we would like to thank all the
stakeholders, Board of Commissioners, and all the staff for all their hard work
and the extraordinary performance. We would also like to thank our customers
and company partners who have supported us throughout the year. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Subsequently, we will present the Company
performance and achievements in 2015 comprehensively in the Annual Report that
includes the Financial Statements for 2015 that have been audited by the
Purwantono, Sungkoro &amp; Surja (a member firm of Ernst &amp; Young Global
Limited) public accounting firm with the opinion that Telkom Consolidated Financial
Statements presents fairly in all material respects according to Indonesian
Financial Accounting Standards.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Jakarta, March 28, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Alex J. Sinaga</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-ID style="font-size:10.0pt;">President</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Director</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GENERAL
INFORMATION OF TELKOM INDONESIA</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=GLANCE></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM INDONESIA AT A
GLANCE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom is a
State-owned Enterprise (</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Badan Usaha Milik Negara</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">/</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;BUMN&#8221;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) that
conducts business activities in the field of telecommunications and network
services. The shareholders of the Company consist of the Government of the
Republic of Indonesia, owning 52.55% of shares, and the general public, owning 47.45%
of shares. The shares of the Company are publicly traded at BEI and NYSE, using
the TLKM and TLK tickers, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TIP></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM
INDONESIA PROFILE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We continue to seek
innovation to increase customer experience and develop synergies among all
products, services and solutions. Our long-term vision, which was revised in
August 2015 as part of corporate strategic planning process to reflect our
aspirations to be a more significant player in the digital industry, is to &#8220;Be
the King of Digital in the Region&#8221;. Our mission is to &#8220;Lead Indonesian Digital
Innovation and Globalization&#8221;. In order to achieve such vision and mission, we
are undergoing a comprehensive transformation in five aspects: business
transformation, human resources transformation, structural transformation,
cultural transformation, and infrastructure and system transformation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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  </td>
 <td valign=top width=2% style="height:8.55pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="height:8.55pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=ES style="font-size:10.0pt;line-height:normal;">Perusahaan
  Perseroan (Persero) PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Abbreviated Name</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PT Telkom
  Indonesia (Persero) Tbk</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commercial Name</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Line of Business</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telecommunications
  and network services</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Tax Identification Number</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">01.000.013.1-093.000</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Certificate of Company Registration</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">101116407740</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Business License</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">510/3-0689/2013/7985-BPPT</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Domicile</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Bandung, West Java</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Address</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Graha Merah Putih,
  Jl. Japati No. 1, Bandung, West Java, Indonesia, 40133</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telephone</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">+62-22-4521404</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Facsimile</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">+62-22-7206757</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Call Center</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">147</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td valign=top width=26% style="height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Website</font></b></p>
  </td>
 <td valign=top width=2% style="height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;text-decoration:none;">www.telkom.co.id</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">. The information found on our website does
  not form part of this Form 20-F and is not incorporated by reference herein. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">E-mail</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">corporate_comm@telkom.co.id,
  investor@telkom.co.id</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Rating</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">idAAA (Pefindo)
  for 2012, 2013, 2014 and 2015</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Date of Legal Establishment</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">November 19, 1991</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Legal Basis of Establishment</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Based on
  Government Regulation No.25 of 1991, the status of our Company was converted
  into a state-owned limited liability corporation (&quot;Persero&quot;), based
  on the Notarial Deed of Imas Fatimah, S.H. No. 128 dated September 24, 1991,
  as approved by the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ministry&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> of Justice of the Republic of Indonesia by virtue
  of Decision Letter No.C2-6870.HT.01.01.Th.1991 dated November 19, 1991 and as
  announced in the State Gazette of the Republic of Indonesia No.5 dated
  January 17, 1992, Supplement to the State Gazette No.210.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Ownership</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.3pt;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">The Government of the Republic of Indonesia 52.55%</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.3pt;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Public 47.45%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Listing on the Stock Exchange</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Our shares of
  common stock were listed on the IDX and NYSE on November 14, 1995. Since June
  5, 2014, our shares of common stock ceased to be traded on the London Stock
  Exchange (&#8220;LSE&#8221;), and since May 16, 2014, our shares of common stock have
  been deregistered from the Tokyo Stock Exchange.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Stock Code</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">TLKM</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> on
  the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">IDX</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">TLK</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> on
  the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">NYSE</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Authorized Capital</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">1 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Series A </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Dwiwarna
  Share</font><i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">and 399,999,999,999 shares </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Series B</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Issued and Fully Paid Capital</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">1 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Series A </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Dwiwarna
  Share</font><i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">and 100,799,996,399 shares </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Series B</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Offices</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">1 Head Office</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">7 Regional Division Offices (&#8220;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Regional</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&#8221;)
  and 58 Telecommunication Areas</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Service Centers</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">572 Plasa Telkom outlets</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">
  International GraPARI in Hong Kong</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
  and Singapore</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">14&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> GraPARI (including those managed by third parties)</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">392&nbsp;</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">
  GraPARI Mobile Units</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Other Information</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Public Accountant</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">KAP Purwantono, Sungkoro &amp; Surja (a member firm
  of Ernst &amp; Young Global Limited)</font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Securities Administration Bureau</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PT Datindo Entrycom</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Trustee&nbsp;</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PT Bank CIMB Niaga Tbk</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Custodian&nbsp;</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PT Kustodian Sentral Efek Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Rating Agency</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">PT Pemeringkat Efek Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ADR&nbsp;</font></b><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;"> Depositary</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">The Bank of New York Mellon Corporation</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Authorized Agent for Services in the United States
  of America</font></b></p>
  <p style="margin-bottom:.0001pt;margin-left:22.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Puglisi and Associates</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Employee Union</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">The </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Employees Union </font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">(&quot;SEKAR&quot;)&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=TIM></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">Telkom
Indonesia Milestones</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1856-1884</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On October 23, 1856, the Dutch </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">C</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">olonial </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">G</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">overnment
deployed the first electromagnetic telegraph service operation in Indonesia,
which connected Jakarta (Batavia) and Bogor</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Buitenzorg</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. We
consider this event to be part of the beginning of Telkom&#8217;s history and have
thus adopted October 23 as the anniversary of ou</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">r&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8220;founding&#8221;. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 1884, the Dutch </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">C</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">olonial
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">G</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">overnment established a private
entity, &quot;</font><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Post en Telegraafdienst</font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&quot; to provide postal and
telegraph services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1906-1965</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 1906, the Dutch Colonial Government established a government
agency to assume control postal services and telecommunications in Indonesia,
named Jawatan Pos, Telegrap dan Telepon (</font><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Post, Telegraph en Telephone Dienst</font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">).
In 1961, its status was changed to newly-established state-owned company,
Perusahaan Negara Pos dan Telekomunikasi (&quot;PN Postel&quot;). In 1965, the
Government separated postal and telecommunications services by dividing PN
Postel into Perusahaan Negara Pos dan Giro and Perusahaan Negara Telekomunikasi
(&quot;PN Telekomunikasi&quot;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1974</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PN Telekomunikasi was turned into Perusahaan Umum
Telekomunikasi Indonesia (&quot;Perumtel&quot;), which provided domestic and
international telecommunications services, and subsequently spun-off PT
Industri Telekomunikasi Indonesia, which manufactured telecommunications
equipment, into an independent company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1991</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Perumtel was transformed into a state-owned limited liability
company and renamed Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
under Government Regulation No.25 of 1991. Our business operations was then
divided into 12 telecommunication regions which was later reorganized in 1995
into seven Divre, namely Divre I Sumatra, Divre II Jakarta and the surrounding
areas, Divre III West Java, Divre IV Central Java and Yogyakarta, Divre V East
Java, Divre VI Kalimantan, and Divre VII Eastern Indonesia. </font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1995</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 26, 1995, we and Indosat established Telkomsel, we
conducted </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ur initial public offering on
November 14, 1995, with our shares listed on the Jakarta Stock Exchange and the
Surabaya Stock Exchange (which have since merged to become the IDX). Our shares
were also listed on the NYSE and the LSE in the form of ADSs, and were publicly
offered without listing on the Tokyo Stock Exchange.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1999</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Law No.36 of 1999 on the Elimination of Telecommunications
Monopoly, which became effective in September 2000, allowed the entry of new market
participants to foster competition in the telecommunications industry.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2001</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We and Indosat eliminated joint ownership and cross-ownership
in certain companies as part of the restructuring of the telecommunications
industry in Indonesia. We acquired Indosat's 35.0% shareholding in Telkomsel,
increasing our shareholding to 77.7%. We divested our 22.5% shareholding in PT
Satelit Palapa Indonesia, or Satelindo, and 37</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">7% shareholding in PT Lintasarta Aplikanusa. At the same
time, we lost our exclusive rights as the sole operator of fixed line services
in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2002</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We divested a 12.72% shareholding in Telkomsel to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Singapore Telecom Mobile Pte
Ltd (&#8220;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Singtel Mobile</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;)</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, and decreasing our shareholding in
Telkomsel to 65.0%.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We acquired the entire share capital of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PINS&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in three stages, with 30.0% of the shares acquired </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">on </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">August 15, 2002, 15.0% on September
30, 2003 and the remaining 55.0% on December 31, 2004.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2004</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We launched an international direct dialing service for fixed
lines with the access code 007.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2005</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Telkom-2 Satellite was launched to
replace all satellite transmission services that were previously provided by
Palapa B-4, which brought the total of satellite launched by us to eight
satellites, including Palapa A-1.</font></p>





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</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2009</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We underwent a transformation from an information
telecommunication company to become a Telecommunication, Information, Media and
Edutainment (&quot;TIME&quot;) company. Our new image was introduced to the
public with a new corporate logo and tagline of &quot;the world in your
hand&quot;.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2010</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We completed the JaKaLaDeMa submarine fiber optic cable
project in April 2010 which connected Java, Kalimantan, Sulawesi, Denpasar and
Mataram.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2011</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We commenced the reform of our telecommunications infrastructure
through the Telkom Nusantara Super Highway project, which unites the Indonesian
archipelago from Sumatra to Papua, as well as the True Broadband Access project
to provide internet access with a capacity of 20 Mbps to 100 Mbps to customers
throughout Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2012</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We increased broadband penetration through the development of
Indonesia Wi-Fi as part of our &#8220;Indonesia Digital Network&#8221; program. We
reconfigured our business portfolio from TIME to TIMES (Telecommunication,
Information, Media, Edutainment and Services) to increase business value
creation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2013</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of 2013, we have been operating in eight jurisdictions,
namely, Hong Kong-Macau, Timor Leste,
Australia, Myanmar, Malaysia, Taiwan and the United States of America.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We were the first operator in
Indonesia to commercially launch 4G LTE </font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ervices</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> in
December 2014</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.</font></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="border:none windowtext 1.0pt;padding:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font></b></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We launched </font></font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IndiHome</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which
bundles </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">services consisting </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">broadband </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">internet, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">fixed
wireline </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(Home Phone), and
interactive TV (Cable UseeTV)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> services.</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AWCER></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">AWARDS
AND CERTIFICATIONS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">AWARDS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MONTH</font></b></p>
   </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DATE</font></b></p>
   </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
   </td>
 <td valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AWARDS NARRATIVE</font></b></p>
   </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
   </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February
  11, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received an award in
  the telecommunication category with an excellent grade in the Excellence
  Service Experience Award 2015 by Carre CCSL and Bisnis Indonesia Daily.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February
  12, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved The Best
  Achievement Award in Indonesia Best Corporate Transformation Awards 2014</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">from
  SWA and WIN International magazine for its success in conducting innovation
  and transformation in the company.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">April</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">April 29,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received Golden
  Partnership Award 2015 from Rakyat Merdeka Online.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May 7,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Corporate University
  received the</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Best Overall Corporate University Award in the Global
  Council of Corporate University Award.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May 12,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the Top
  Performing Listing Companies 2015 Award in the Best Listed Companies Award</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
  </font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in Infrastructure field from Investor Magazine.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June 5,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the Most
  Honored Organization of The Year Award in the Asia Pacific Stevie Awards
  event. Telkom received 11 (eleven) awards, among others Gold Winner and
  Silver Winner.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June 11,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the
  Corporate Image Award in the category of Best Telecommunication Company and
  Best Internet Provider.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the
  Warta Ekonomi&#8217;s Living Legend Companies Award 2015 as the company that has
  the best financial performance in 2014.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June 16,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the
  Bisnis Indonesia Award 2015 from Bisnis Indonesia with infrastructure,
  utility and transportation sector.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Best Listed Emiten Award
  for infrastructure, utility and transportation category, MNC Business Award
  from MNC Business Channel.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 6,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the
  Sindo Weekly CSR Award 2015 as Best Programmed Award 2015.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=black face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
  </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom was included in
  the Forbes Global 2000 Companies.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 13,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received 1<sup>st</sup>
  winner Indonesia MAKE Award 2015, held by Dunamis Organization Services</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 25,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the Social
  Business Innovation Award from Warta Ekonomi as Top 10 Social Business
  Innovation Company 2015.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 26,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received the
  Indonesia&#8217;s Good Corporate Governance Award from Economic Review Magazine</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 27,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom was selected as
  the&nbsp;winner&nbsp;for&nbsp;emiten in infrastructure, utility, and
  transportation sectors in </font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Anugerah Perusahaan Terbuka Indonesia </font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(the
  Indonesia&#8217;s Public Company Award), held by Economic Review.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September
  5, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom was awarded three times
  in a row as The Best Company on Marketing, Gold Winner Strategic Marketing
  and Gold Winner Tactical Marketing.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September
  22, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received 3<sup>rd</sup>
  Winner Annual Report Award 2014 for Non Financial Listed State-Owned Public
  Company from OJK, IDX and National Commission of Governance Policy (</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Komite
  Nasional Kebijakan Governance</font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/KNKG).&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October 1,
  2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TelkomGroup swept 9 (nine)
  Frost &amp; Sullivan Indonesia Excellence Awards.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October 9,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom received Marketing 3.0
  Awardee of The Year Award from an international institution named Asia
  Marketing Federation (AMF).</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MONTH</font></b></p>
   </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DATE</font></b></p>
   </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
   </td>
 <td valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AWARDS NARRATIVE</font></b></p>
   </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
   <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
   </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October
  22, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved 7 (seven)
  awards in Indonesia Human Capital Study Award 2015 and was rewarded as the
  best company in human capital management from Dumanis Organization Services.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October
  23, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved the first rank
  in Indonesia's Top 100 Most Valuable Brands, held by Brand Finance in
  cooperation with SWA magazine.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October
  25, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved 13 (thirteen)
  international Stevie Awards from the International Business Award (IBA).</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October
  28, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Achieved the award of the best
  winner in the Inspirational PR Program competition in the category of
  State-Owned Public Company and Local Region-Owned Public Company Corporate
  Program in The 4<sup>th</sup> Indonesia Public Relations Awards &amp; Summit
  (IPRAS) event.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November
  6, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Achieved 4 (four) awards in
  the Indonesia Infrastructure Week 2015 event as TOP IT &amp; TELCO 2015.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November
  16, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved Indonesian
  Institute for Corporate Directorship Award</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November
  25, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved Forbes
  Indonesia</font><i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Best of The Best Award 2015 as The Top 50 Companies for
  2015.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December</font></b></p>
  </td>
 <td width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December
  16, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved Best Non
  Financial in Telecommunication and Publication sectors of State-Owned Public
  Company award from Investor Magazine.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December
  17, 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=60% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom achieved Good Corporate
  Governance Award Indonesia&#8217;s Most Trusted Companies from SWA and  IICG as
  trusted company based on investors and analysts&#8217;s assessment survey.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CERTIFICATION</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Sertification</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Reciever</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Given by</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Valid until</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2013</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO 9001:2008</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">PT Dayamitra Telekomunikasi
  (Mitratel)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">United Register for System
  (URS)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2016</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2013</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO 9001:2008</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Divisi Business Service</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">TUV Rheinland Cert GmbH</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2016</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2013</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO 9001:2008</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">PT Telkom Akses</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">TUV Rheinland Cert GmbH</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2016</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2012</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO 9001:2008</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">PT Finnet</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">DQS GmbH</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">AS/NZS ISO 9001:2008</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">PT Administrasi Medika
  (AdMedika)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Verification New Zealand
  Limited</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">6</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2012</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO/IEC 27001:2005</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">PT Finnet</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">DQS Gmbh</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">7</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">ISO/IEC 27001:2005</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=ES style="font-size:10.0pt;">Divisi Infratel</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> dan</font><font face="Times New Roman" lang=ES style="font-size:10.0pt;"> Divisi Access</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=ES style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">TUV Rheinland Japan Ltd</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><a name=SIE2015></a></p>
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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNIFICANT EVENT 2015</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:13.5pt;">
  <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MONTH</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DATE</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NARRATIVE
  OF EVENT HIGHLIGHTS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:36.4pt;">
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:36.4pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">January</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:36.4pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">January 15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:36.4pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:36.4pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In order to ensure a
  successful the 2015 National Selection of State Universities (&quot;</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SNMPTN</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&quot;),
  Telkom cooperated with the 2015 </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SNMPTN&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Committee to facilitate network
  in the 2015 online </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SNMPTN&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> registration service.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:36.4pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February 13</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Minister of Communication and
  Informatics, Rudiantara, together with the Ambassador of the United States to
  Indonesia, Robert O. Blake, officially announced the Program of Social Media
  for Social Good in Jakarta Digital Valley.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:33.7pt;">
  <td valign=top width=19% style="background:#c6d9f1;height:33.7pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:33.7pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February 18</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:33.7pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:33.7pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom held 18 (eighteen)
  Broadband Port in 2015 for support Indonesian Maritime. This is in line with
  the government program to support Indonesia into an independent, advanced and
  powerful maritime country.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:33.7pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">February 26</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In order to support
  Indonesia&#8217;s digital creative industries and with its readiness for market
  expansion, Telkom launched Indigo Incubator for new startups and &quot;Indigo
  Accelerator&quot; for digital startups.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">March</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">March 3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom supported the
  Universitas Terbuka Service Center (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SALUT</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) by fostering cooperation in
  the information and communication technology based educational facility and
  infrastructure development of the Open and Distance Learning University (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PTTJJ</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">April</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">April 1</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The Indonesia-US
  Submarine Cable Communication System (SEA-UAS) is commenced that will connect
  five regions, namely Manado in Indonesia, Davao in the Southern Philippines,
  Piti in Guam, Honolulu in Oahu Island of Hawaii, Los Angeles - California in
  the United States.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">April  19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom supported
  the successful 60th Anniversary of the Asia-Africa Conference, which took
  place on 19 &#8211; 24 April 2015 by providing world-class ICT services.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May 3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom improved the
  infrastructure in the eastern region of Indonesia by building 345 km long of
  Luwuk Tutuyan Cable System, connecting East Sulawesi and North Sulawesi.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">May 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">President Joko Widodo
  officially launched development project of optical fiber broadband backbone
  network infrastructure of the Sulawesi, Maluku, Papua Cable System (SMPCS) in
  Manokwari, West Papua. This submarine cable development is Telkom&#8217;s gift in
  improving Indonesia through fair distribution of information and
  communication throughout the country that stretches from west to east.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">June 5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom, through its
  subsidiary, Telin, develop data center and telecommunications hub located in
  Singapore. This construction through Groundbreaking Ceremony was inaugurated
  by Indonesian Minister of SOE, Rini M. Soemarmo and Senior Minister of State
  (Trade and Industry) Singapore, Lee Yi Shyan in Jurong, Singapore.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">July</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">July 16</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom prepared infrastructure
  and excellent services, by establishing the 2015 TelkomGroup RAFI Post as
  part of the 2015 TelkomGroup SiagaRAFI for the Lebaran&#8217;s homecoming momentum
  of 2015. Through this program, the Minister of Communication and Informatics
  and the CEO of TelkomGroup also monitor Telkom services prior to Eid Al-Fitr.
  </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August  17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom with SOE in West Java
  held CSR activities, inline with Ministry of SOE program &#8220;</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BUMN Hadir untuk
  Negeri</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221; in commemoration of&nbsp;the 70<sup>th</sup> Independence Day
  of&nbsp;RI. The various activities were held including green walk, outdoor
  cinema (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">layar tancap</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">), recycling and clean environment (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dalang
  Bersih</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">), veteran house renovation, free medical treatment and 70<sup>th</sup>
  Independence Day ceremony</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">August 19</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Group Synergy launched
  International Remittance Services in Timor Leste, with the signing of the
  Tripartite cooperation between Telkomsel, Finnet Indonesia and Banco Nacional
  de Commerio de Timor Leste (BNCTL) by providing cash to cash and cash to bank
  remittance services.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MONTH</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DATE</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NARRATIVE
  OF EVENT HIGHLIGHTS</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin Malaysia, as one of
  Telkom subsidiaries, launched </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Kartu As 2 in 1</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> at Kuala Lumpur. Telin
  Malaysia cooperating with Malaysia mobile operator, Umobile, for serving
  Indonesian community in Malaysia. </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Kartu AS 2 in 1</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> is aimed to assist
  Indonesian migrant workers (TKI) in Malaysia in communicating with more
  competitive rates.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September 15</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PINS, as a subsidiary, in
  cooperation with T-System supported the modernization of airports in
  Indonesia in an effort to provide world-class service system. This
  collaboration provides ground-handling system at airports by improving
  Airport Management System solution.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September 17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom, through its
  subsidiary, Telkom Telstra, launched the first customer experience center
  (CEC) services in Indonesia by demonstrating the managed solutions service.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">October 19</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom in cooperation with IT
  Code4Nation forum held Hackathon Merdeka 2.0, which was initiated by
  Code4Nation in Bandung Digital Valley. This event took place simultaneously
  in 28 cities in Indonesia in a form of a competition to create applications
  that utilize information technology advancement to solve national problems.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November 19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Group as a consortium
  member in the South East Asia &#8211; Middle East -Western Europe 5 (&#8220;SEA-ME-WE 5&#8221;)
  submarine cable system deployed submarine cables at Cable Landing Station in
  Puak Dumai beach. SEA-ME-WE 5 submarine cables system was planned to be ready
  for operation in November 2016.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November 25</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The President Director of
  Telkom rang the Closing Bell of the Wall Street Trading floor. Telkom is
  committed to keep being a multi listing company by celebrating 20 years
  anniversary of its first stock recording in New York Stock Exchange (NYSE).
  Closing bell ceremony at the NYSE was attended by the President Director,
  Alex J. Sinaga, and the Board of Commissioners as well as the Board of
  Directors, in addition to the NYSE officials and The Bank of New York Mellon.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December 7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Strengthening the maritime
  defense of Poros Maritim Program, Indonesian Navy encouraged us in developing
  satellite system with VSAT backbone. The development of the Indonesian Navy
  satellite system was aimed for KRI ships, outer island and soldier who
  conducted operations and practices.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December 18</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=61% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom boosted customer
  confidence by achieving 1 Million of IndiHome. Towards the end of 2015,
  IndiHome won the trust of more than 1 million subscribers, which has so far
  reached 930,000 new customers from all over Indonesia throughout the year.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CITI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CORPORATE
IDENTITY TELKOM INDONESIA</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img alt="Description: http:::bengkuluekspress.com:wp-content:uploads:2013:08:Telkom-Indonesia-Corporate-Logo1.jpg" border=0 height=160 id="Picture1" src="x16040107550600.jpg" width=214>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">LOGO</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company&#8217;s new
logo was established by virtue of Company Regulation No. PD.201.03/2014
regarding New Corporate/Brand Identity dated 20 June 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Tagline: </font></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
world in your hand</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The world in
your hand</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221; conveys the message that Telkom aims to make accessing the world
easier and more fun.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Logo Meaning</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Referring to
Telkom&#8217;s corporate philosophy, namely </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Always the Best </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; a basic
conviction to always provide the best in any work conducted and to always
enhance common place conditions into better ones, which ultimately will shape
the Company into the best telecommunications enterprise. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Philosophy behind
the Colors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Red &#8211;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Courage, Love, Energy, Persistence</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Reflects our
ever-optimistic spirit and our courage to face challenges.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">White &#8211;
Innocence, Peace, Light, Unity</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Reflects our spirit
to always provide the best for the nation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Black &#8211; Basic
Color</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Reflects
determination.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Gray &#8211;
Transitional Color </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Reflects technology.</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=VIMI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">VISION AND MISSION</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our vision and mission is stated in our long-term
plans, as approved by the Board of Commissioners on August 7, 2015.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Vision&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Be the King of Digital in the
Region.</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:67.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-67.5pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mission&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Lead
Indonesian Digital Innovation and Globalization.</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom is currently transforming itself towards being
a digital company, to become the King of Digital, with respect to the airwaves
through its cellular business, land through its Fiber to the Home program, and
the sea through its Submarine Broadband Highway program and strong regional
footprint. Regional, in this regard, refers to the Asia Pacific region,
including Southeast Asia, East Asia, South Asia and Australia. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To become a reliable
digital Company, we are transforming human, cultural and organizational
resources in order to lead digital innovation in Indonesia and to lead
Indonesia towards globalization.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COSTRA></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CORPORATE
STRATEGY</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Directional Strategy</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have undertaken a sustainable competitive growth
strategy to support and increase the capitalization of our market. In a dynamic
industrial environment, we seek to implement a competitive growth strategy through
remarkable way with a variety of breakthrough innovations, in order to reach
our capitalization growth targets. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Portfolio Strategy</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our Portfolio Strategy is our strategy for the
development of the digital TIMES Telkom Group portfolio synergistically to
provide seamless convergence focused on providing value to our customers
through customer facing units/business segments (&#8220;CFUs&#8221;).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Parenting Strategy</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In order to support more effective business growth, we
will continue to conduct strategic control, in order to establish a more
targeted and synergic control of our subsidiary companies. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In order to ensure
that our business transformation is conducted in a smooth and comprehensive
manner from the corporate to the functional levels, we are implementing a
tiered strategy development model. Our corporate strategy which was revised in
2015 was prepared </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">after&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> conducting a strategic situation analysis, and
strategy formulation, strategy implementation, strategy evaluation and control.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=CUVAL></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CULTURAL VALUES</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The System and Cultural formulations shall be further
developed in accordance with prevailing business demands and changes, in the
effort to realize our vision to continue achieving progress, to be more loved
by our customers, to be more competitive amidst industrial completion and to
continue to be a role model Company. Since 2009, the Company has undertaken a
new corporate cultural transformation known as &#8220;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Telkom Way</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;. The
subsequent cultural development has been undertaken since 2013 through the
establishment of the Telkom Group Leadership and Corporate Culture Architecture
(&#8220;AKBP&#8221;), designed to standardize and harmonize the leadership and corporate
culture patterns.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Telkom Group
Leadership and Corporate Culture Architecture consists of:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Corporate Philosophy</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Always the Best</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Telkom
  Leadership Architecture</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Lead by Heart,
  Managed by Head</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=3 valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">The Telkom Way</font></b></p>
  </td>
 <td rowspan=3 valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">:</font></b></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Basic Belief &#8211;
  (Integrity, Enthusiasm, Totality)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Core Values &#8211;
  (Solid, Speed, Smart)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Key Behavior &#8211;
  (Imagine, Focus, Action)</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Corporate Philosophy: Always The Best</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate Philosophy: &#8220;Always the Best&#8221;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">serves
as the foundation of a Telkom individual&#8217;s mindset (basic belief) to always do
the best in all work conducted.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;Always the Best&#8221;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is a basic belief to always
be the best or to always provide the best. &#8220;Always the Best&#8221;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">require all
Telkom Group individuals to have integrity, enthusiasm, and totality.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Leadership Architecture: Lead by Heart, Managed
by Head</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Leadership Architecture consists of three core
components known as &#8216;3P&#8217;, namely philosophy, principle and practice.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Leadership Philosophy &#8220;to be the Best&#8221; (always be
the best) is a commitment that must be ingrained in a Leader, by creating
harmony between Heart and Head (&#8216;2H&#8217;) and synergy between Spirit and Strategy
(&#8216;2S&#8217;).</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Leadership Principle &#8220;to be the Star&#8221; is a
reflection of the philosophy ingrained in a Leader as a strong foundation to
act. &#8220;Lead by Heart&#8221;: to lead people (one self and others). &#8220;Managed by Head&#8221;:
to manage the business and organization.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Leadership Practices &#8220;to be the Winner&#8221; is a
behavioral standard consisting of the ideal practices of a leader, winner or
the manifestation of principles implemented with the aim to achieve a common
goal, namely to be a winner. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Telkom Way</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Telkom Way </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is
a strong corporate culture that serves as a reference for Telkom Group
individuals in the way they think and act on a daily basis that contains the
&#8216;3P&#8217; core components, namely philosophy, principle and practice.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Philosophy</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;to
be the Best: Always the Best&#8221;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Philosophy of &#8220;Always the Best&#8221;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is a basic
belief that consists of basic philosophies for Telkom Group individuals to
become the best individuals, which is the essence of the Company&#8217;s corporate
culture, serving as a foundation for the values and behavior of each and every
Telkom Group individual, putting forward integrity, enthusiasm and totality.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The &#8220;To be the Star:
Solid-Speed-Smart&#8221; (&#8216;3S&#8217;) Principle</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The &#8220;to be the Star&#8221; principle are core values
containing basic principle to be a star individual. The &#8220;to be the Star&#8221;
principle consists of three core values known as </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3S: Solid, Speed, Smart.</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Solid</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> refers
to the creation of one heart (a pure heart), one mind, and one resolve. &#8220;Solid&#8221;
is an elaboration of the first &#8220;Always the Best&#8221; element, namely </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">integrity</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Speed</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> refers
to conducting work in a timely manner. &#8220;Speed&#8221; is an elaboration of the second
&#8220;Always the Best&#8221; element, namely </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">enthusiasm.&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Smart </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">refers
to the manner of conduct, thinking and acting in a smart way in conducting work
by using sharp intuition, rational thinking through creativity and innovation,
that results in further innovations, and exercising through impressive actions.
&#8220;Smart&#8221; is an elaboration of the third &#8220;Always the Best&#8221; element, namely </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">totality</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.
&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Practices</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;to
be the Winner: Imagine-Focus-Action&#8221;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Practices &#8220;to be the
Winner&#8221;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is behavioral standards that consist of ideal practices
conducted with the aim of becoming a winning individual by continuing to
implement IFA: </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Imagine, Focus, Action</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=AOA></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARTICLES OF ASSOCIATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:.15pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Articles of Association of the Company (&quot;Articles
of Association&quot;) has been registered under the Limited Liability Company
Law No.1/1995 and has been approved by the Ministry of Justice of the Republic
of Indonesia based on the Decree of Ministry of Justice
No.C2-7468.HT.01.04.Th.97 of 1997. In connection with the issuance of the
Limited Liability Company Law No.40/2007, which replaced the Limited Liability
Company Law No.1/1995, the Company has adjusted its Articles of Association and
has been approved by the Ministry of Law and Human Rights of the Republic of
Indonesia based on the Decree of Ministry of Justice and Human Rights No.AHU.46312.AH.01.02/2008
dated July 31, 2008 and was registered in the State Gazette of the Republic of
Indonesia No.84 dated October 17, 2008, Appendix Official Gazette No.20155.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our Articles of
Association have been amended several times, the latest amendment of which
primarily related to (i) certain adjustments
as required under </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">OJK </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">rules and
MSOE rules</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(ii) the expansion </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">our allowed </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">principal business activity and company
supporting, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(iii) the addition</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">expansion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">special right</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of Series A Dwiwarna
Stockholders, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(iv) the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">change in certain of restriction</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s to the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">authority
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of our Directors with respect to measures
of the Board of Directors which require the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">approval of Board of Commissioners and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(v) </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">action
of perfecting of redaction and systematical of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Article</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of
Association which related to increase subtance of Article</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of
Association. This last </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">amendment was
accepted and approved </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ministry
of Law and Human Right </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in its </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Letter No.AHU-AH.01.03-0938775 dated June 9,
2015 and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ecision No.AHU-0936901.AH.01.02.Th.2015 dated June 9,
2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PROSER></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PRODUCTS
AND SERVICES </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">The Company continues to innovate in sectors other than
telecommunications and to build synergy among all of its products, services and
solutions. Based on our business portfolio, we have classified our products and
services into six categories, namely:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">Telecommunication</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">We provide mobile services (mobile legacy, such as voice and
SMS, and mobile broadband), fixed services (fixed voice and fixed broadband),
interconnection and international traffic services (wholesale - interconnection
and international business), network infrastructure (satellite and tower).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">Information</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">Information services offer digital enterprise that consists
of the ICT platform (enterprise connectivity, IT services, data center &amp;
cloud, BPO/business process outsourcing, and devices/hardware), and the smart
enabler platform (payments, digital advertising, and big data &amp; other smart
enablers).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">Media and Edutainment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">Media and Edutainment services offers consumer digital
services that includes video/TV, mobile digital (such as games and music), and
property.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=TCIDP></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">Trademarks,
Copyrights, Industrial Designs and Patents</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We constantly seek to develop product and service
innovations in line with a dynamic business portfolio. To provide both
protection for and recognition of creativity and innovation, we have registered
a number of intellectual property rights, including trademarks, copyrights,
industrial design and patents with the Directorate General of Intellectual
Property Rights </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#8220;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Ditjen
HKI</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#8221;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">) </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">at the
Ministry of Law and Human Rights. </font></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The intellectual property rights we have registered
include: (i) trademarks for our products and services, corporate logo and name;
(ii) copyrights on our corporate name and logo, product and service logos,
computer programs, research and songs; and (iii) simple and ordinary patents on
technological inventions in the form of telecommunications products, systems
and methods.</font></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The following table lists the applications that we
have</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> submitted</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> to apply </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">for
registration </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">:&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Title</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Application No.</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">July 15, 2015</font></p>
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 <td valign=top width=1% style="background:#c6d9f1;height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <td valign=bottom width=6% style="height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">4</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Triple Play</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">J002015030930</font></p>
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 <td valign=bottom width=33% style="height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">July 15, 2015</font></p>
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 <td valign=top width=1% style="height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
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  <td valign=bottom width=6% style="background:#c6d9f1;height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">5</font></p>
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 <td valign=top width=1% style="background:#c6d9f1;height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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 <td valign=top width=1% style="background:#c6d9f1;height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">J002015030932</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">July 15, 2015</font></p>
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 <td valign=top width=1% style="background:#c6d9f1;height:3.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
did not</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> submit or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">apply to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">register
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">any </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">copyrights&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> or
patents in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">
<A href="#TOC1"><U><FONT style="FONT-SIZE: 8pt" lang=EN-US color=blue face="Times New Roman">Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 10pt"><A name="TIMAN"></A><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">TELKOM INDONESIA MANAGEMENT</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><A name="COMBOCBOD"></A><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">COMPOSITION OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">In accordance with the resolution of the Extraordinary General Meeting of Shareholders (&#8220;EGMS&#8221;) of Telkom dated December 19, 2014, the composition of the Board of Commissioners and the Board of Directors of PT Telkom Indonesia (Persero) Tbk is as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Board of Commissioners</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Hendri Saparini&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : President Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Imam Apriyanto Putro&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Hadiyanto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Dolfie Othniel Fredric Palit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Parikesit Suprapto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Johnny Swandi Sjam&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Virano Gazi Nasution&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Board of Directors</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Alex J. Sinaga&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : President Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=ES face="Times New Roman">Indra Utoyo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=ES face="Times New Roman">Muhammad Awaluddin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Honesti Basyir&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Heri Sunaryadi&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Abdus Somad Arief&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Herdy Rosadi Harman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Dian Rachmawan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">In accordance with the resolution of the Annual General Meeting of Shareholders (&#8220;AGMS&#8221;) of Telkom dated April 17, 2015, the composition of the Board of Commissioners and Board of Directors of PT Telkom Indonesia (Persero) Tbk has been amended as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Board of Commissioners</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Hendri Saparini&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : President Commisioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Dolfie Othniel Fredric Palit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Hadiyanto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Margiyono Darsasumarja&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Rinaldi Firmansyah&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Parikesit Suprapto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Pamiyati Pamela Johanna Waluyo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Independent Commissioner</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Board of Directors</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Alex J. Sinaga&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : President Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=ES face="Times New Roman">Heri Sunaryadi&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=ES face="Times New Roman">Indra Utoyo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Muhammad Awaluddin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Honesti Basyir&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Herdy Rosadi Harman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Abdus Somad Arief&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : Director</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Dian Rachmawan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;: Director</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">33</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT></P>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=TOS></a><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM&#8217;S ORGANIZATIONAL STRUCTURE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In order to
synchronize our organizational structure with our business character as well as
with the dynamic business challenges we face in 2015, we revised our
organizational structure to achieve structure alignment with our business portfolios.
Our revised organizational structure reflects our organizational management
categorized by product/business portfolio (encompassing digital products and
legacy product), customer portfolio (encompassing the consumer, enterprise,
wholesale and international segments), function and/or territory.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following
diagram sets forth our internal organizational structure as of December 31,
2015.</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=427 src="x16040107550600.gif" width=745>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table
sets forth the functions and authority of our directorates.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=times-roman style="font-size:10.0pt;">Directorate</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=67% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=times-roman style="font-size:10.0pt;">Function and Authority</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Consumer Service Directorate (&#8220;CONS&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of consumer product
  planning, consumer relationship management, consumer marketing and sales, and
  consumer service supervision, as well as the control of operational
  territories in all seven Regional Divisions.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=32% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">The Enterprise and Business Service Directorate
  (&#8220;EBIS&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of enterprise planning
  strategy, enterprise business development, enterprise parenting operation,
  enterprise performance integration, as well as the management of the
  Enterprise Services Division, the Business Services Division and the
  Government Services Division. The Director of Enterprise and Business Service also
  performs the function of the Chief Operating Officer.</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">The Wholesale and International Services Directorate
  (&#8220;WINS&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of the wholesale and
  international business segment, as well as the operational control of the
  wholesale services division.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Directorate of Innovation and Strategic Portfolio
  (&#8220;ISP&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of corporate strategic
  planning, the Strategic Investment Department, the Synergy Department,
  innovation strategy and the control of operational units under such
  Directorate, namely the Digital Service Division.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">Directorate</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=67% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">Function and Authority</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Directorate of Network, IT &amp; Solution (&#8220;NITS&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of infrastructure and
  infrastructure strategy and governance, IT strategy and governance, solutions and
  infrastructure management as well as control of the operational units under
  such Directorate through the Planning and Deployment Division, Service and
  Solution Divisions, Service Operation Division, and Information System
  Center.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=32% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">The Finance Directorate (&#8220;KEU&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of finances, namely
  corporate finance, management accounting, investor relations, financial &amp;
  logistics policy, risk and process management, and the
  centralization of financial operations through the finance, billing and
  collection center units, as well as the operational control of the supply
  center unit responsible for procurements.</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">The Human Capital Management Directorate (&#8220;HCM&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=67% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Focuses on the management of human resources, in
  terms of human capital strategic management, human capital development,
  human capital organizational effectiveness and the centralized operationali</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">z</font><font face="Times New Roman" style="font-size:10.0pt;">ation
  of human resources through the Human Capital Business Partner Center, as well
  as the operational control of the Telkom Corporate University Center unit,
  the Indonesia Assessment Center and the Community Development Center.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We have
adopted a holding company approach to the management of our Group, which we
believe will provide productive flexibility throughout our business entities in
accordance with the characteristics of each unit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In the
framework of the implementation of corporate management with holding company
characteristics, then:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The role of corporate office is focused on
Corporate Level Strategy (directing strategy, portfolio strategy and parenting
strategy).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Parenting style is adapted to the
characteristics and maturity level of the business entity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Empowerment of business entities according to
their characteristics.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In order to
apply the parenting management mechanism to the whole portfolio of our Group,
we have established the Board of Executives (BoE), consisting of all of Telkom
Directors and the chief executive officers of certain of our business. The BoE
serves as a parenting mechanism for our subsidiary companies by placing those companies
in four categories, namely the cellular business, the media business, the
infrastructure business, and the international business. The cellular business
is headed by Telkomsel, the media business is headed Metra, the infrastructure
business is headed by TelkomInfra, while the international business is
controlled by Telin.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Beginning 2016, we
are also undertaking a transformation of our oversight or parenting system,
from a formerly core and adjacent product, into a customer facing unit/business
segment-based system, which we refer to as CFUs, following our implementation
of the new customer or CFU-based parenting system for our Directorate of
Enterprise Business &amp; Business Services (&#8220;EBIS&#8221;) as a pilot project in
2015. Beginning January 1, 2016, we have reorganized our 15 previous portfolios
(consisting of nine product portfolios and six customer portfolios), into six
product portfolios, mapped onto one or more five CFUs. We are in the process of
continuing to reorganize internally to reflect our revised product portfolio
and CFU structure. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=BOCPRO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BOARD OF COMMISSIONERS
PROFILE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DR.
HENDRI SAPARINI (PRESIDENT COMMISSIONER)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Kebumen, June 16, 1964.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 51 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">President Commissioner, appointed based on the result
of Telkom Extraordinary General Meeting of Shareholders (EGMS) on December 19,
2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor of Arts in Economics from Gajah Mada
University (1988), Master in International Development Policy from Tsukuba
University, Japan, and a doctorate degree in International Political Economy
from Tsukuba University, Japan.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Hendri Saparini was a Expert Staff of Minister of
Cooperation and SME/Head of Indonesian SME Development Agency, Economic
Lecturer on Magister Management Gajah Mada University, Magister Management
Faculty of Development Studies Bandung Institute of Technology, Doctoral
Program Economic Faculty UMS, Economic Consultant in several financial
institutions, Bank Indonesia, and international institution, as well as
Managing Director Centre of Reformation (CORE Indonesia).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DOLFIE OTHNIEL FREDRIC PALIT
(COMMISSIONER)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Kijang, Riau Islands, October 27, 1968.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 47 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Commissioner, appointed by Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bandung Institute of Technology, 1995</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Dolfie Othniel Fredric Palit has served as Executive
Director at Yayasan Bumi Indonesia (2001- 2003), Executive Director at the
Institute for Strategic Consultant (Strategic Planning) Research Policy and
Regional Autonomy - REKODE (2004 - 2009), as a member of the House of
Representatives (2009 - 2014), Member of Special Committee Act of Prevention
and Combating Money Laundering, Bank Century Supervisory team Member, Member of
Budget Committee of the House of Representatives, and Member of the Special
Committee of the Law on BPJS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">HADIYANTO (COMMISSIONER)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Born&#160;&#160;&#160;&#160;&#160;&#160; : </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Ciamis</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, October </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">10</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, 196</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">53&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Indonesian citizen, domiciled in
Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Position and Appointment
Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Commissioner, appointed by Telkom
Extraordinary General Meeting of Shareholders (EGMS) on December 19, 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Bachelor of Law from the University
of Padjajaran, Bandung, Master of Law (LLM) from Harvard University Law School,
US, and Doctorate degree in Law from the University of Padjajaran, Bandung. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Currently Hadiyanto also holds the
position as the Director General of State Wealth (Kekayaan Negara) at the
Ministry of Finance of the Republic of Indonesia. Previously, Hadiyanto had
served as the Head of the Legal Affairs Bureau of the Secretary General of the
Department of Finance and the Alternate Executive Director of World Bank. In
the corporate environment, Hadiyanto served as Chief Commissioner of PT Garuda
Indonesia, Tbk (2007-2012) and Chief Commissioner of PT Bank Ekspor Indonesia
(2007-2009). </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">MARGIYONO DARSASUMARJA (COMMISSIONER)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Klaten, September 14, 1976.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 39 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Commissioner, appointed based on Telkom Annual General
Meeting of Shareholders (AGMS) on April 17, 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Law degree from University of Indonesia (2008),
Jakarta and Master from Scholl of Law University of Leeds, England (2012).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Media Development Manager, VHR Media,
Lecturer of Bakrie University.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">RINALDI FIRMANSYAH (</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">INDEPENDENT
</font></b><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">COMMISSIONER)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Tanjung Pinang, June 10, 1960.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 55 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Independent Commissioner, appointed based on Telkom
Annual General Meeting of Shareholders (AGMS) on April 17, 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Bachelor in Engineer from Bandung Institute of
Technology (1985), MBA from IPMI (1988), Doctorate degree in Management from
Padjajaran University (2014).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commissioner of PT. Indosat, Tbk (January
2015), Commissioner of PT. Elnusa, Tbk (Mei 2014), Commissioner of PT.
Bluebird, Tbk (September 2013), CEO of PT Telkom Indonesia, Tbk (2007-2012),
CFO of PT Telkom Indonesia, Tbk (2004-2007), CEO of PT Bahana Securities
(2001-2003)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">PARIKESIT SUPRAPTO (</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">INDEPENDENT
</font></b><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">COMMISSIONER)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Surabaya, August 8, 1951.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 64 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Independent Commissioner, appointed based on Telkom
Extraordinary General Meeting of Shareholders (EGMS) on December 19, 2014.
Parikesit Suprapto served as Telkom Commissioners since May 11, 2012.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor in Corporate Economics from Sekolah Tinggi
Manajemen Industri (1980), Master in Economic Development from Indiana
University, USA (1990), and doctorate degree in Economic Development from Notre
Dame University, Indiana, USA (1995).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Currently serving as commissioner of Indonesian
Central Securities Depository. Parikesit Suprapto served as Deputy for
Services, the Ministry of SOEs (2010 - 2012), Deputy for Banking and Financing
Industry, the Ministry of SOEs (2008 - 2010), and Advisor to the Minister of
Cooperatives and SMEs Small Business Sector (2006 - 2008). In the corporate
environment, Parikesit Suprapto served as Commissioner of PT Indosat Tbk (2011
- 2012) and Commissioner of PT Bank Negara Indonesia (Persero) Tbk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">PAMIYATI PAMELA JOHANNA W. (</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">INDEPENDENT
</font></b><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">COMMISSIONER)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Jakarta, June 20, 1958.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 57 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Independent Commissioner, appointed based on Telkom
Annual General Meeting of Shareholders (AGMS) on April 17, 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Master degree from University of Tech. Deflt,
Netherland (1983)</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corp.Marketing Director Obession Media Group
(2014-2015), Assistance </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to the</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Director of Sales &amp; Marketing Metro TV
(2006-2014), Corporate Public Relation Metro TV&amp; Media Group (2000-2006)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BODPRO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BOARD OF DIRECTORS PROFILE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ALEX J</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SINAGA
(PRESIDENT DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born &#160;&#160;&#160;&#160;&#160; : Pematang Siantar, September 27, 1961.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age &#160;&#160;&#160;&#160;&#160;&#160;&#160; : 54 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">President Director, appointed based on Telkom
Extraordinary General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor degree of Electrical Telecommunication
Engineering of Bandung Institute of Technology and Master of Telematics of the
University of Surrey, Guidford-England.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Alex J. Sinaga previously served as President Director
of Telkomsel (2012-2014), President Director of PT Multimedia Nusantara
(2002-2017), Executive General Manager Enterprise Service Division (2005-2007),
Executive General Manager Fixed Wireless Networks Division (2002-2005), Senior
Manager Business Performance Regional II Jakarta Division (2002), General
Manager Telkom West Jakarta (2000-2002), Senior Manager Telkom West
Surabaya(1998-1999) and General Manager Telkom Malang (1997-1998).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HERI
SUNARYADI (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Jember, June 26, 1965.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 50 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor Degree Faculty of Agriculture from Bogor
Agricultural University (1987).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Heri Sunaryadi previously was President Director of PT
Kustodian Sentral Efek Indonesia (2013 - 2014), the President Director of PT
Bahana Pembinaan Usaha Indonesia (2009 &#8211; 2013) and the President Director
Bahana Securities (2007-2009).</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=SV style="font-size:10.0pt;line-height:normal;">INDRA UTOYO (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Bandung, February 17, 1962.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 54 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. Indra Utoyo served
as Director since February 28, 2007 and had served as Acting President Director
by virtue of the BOC No.201/SRT/DK/2014 dated October 31, 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor of Electrical Telecommunication Engineering
from Bandung Institute of Technology and Master Degree in Communication and
Signal Processing from Imperial College of Science, Technology and Medicine,
University of London, England.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indra Utoyo has served as Director of Innovation and
Strategic Portfolio since 2012, which previously was Director of IT Solutions
&amp; Supply Telkom (2007-2012) and Senior General Manager of Information
System Center Telkom (2005-2007).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=NL style="font-size:10.0pt;line-height:normal;">MUHAMMAD AWALUDDIN</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Jakarta, January 15, 1968.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 48 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor degree of Electrical Engineering from
Sriwijaya University (1990), Master of Business Administration from European
University Antwerp Belgium (1998).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Muhammad Awaluddin has served as
Director of Enterprise and Business Service since 2012, which previously was
the President Director of PT Infomedia Nusantara (2010-2012). Executive General
Manager of the Access Division, Executive General Manager of Divre I Sumatra
(2007-2010) and Vice President of Public and Marketing Communications
(2005-2007).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HONESTI
BASYIR (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Padang, June 24, 1968.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 47 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor Degree of Industrial Engineering from Bandung
Institute of Technology (1992) and Master Degree of Corporate Finance from
Sekolah Tinggi Manajemen Bandung (2004).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Honesti Basyir previously has served as Finance
Director of Telkom (2012 - 2014), Vice President of Strategic Business
Development Directorate of IT Solutions and Strategic Portfolio Telkom (2012).
Vice President Strategic Business Development, Strategic Investment and Corporate
Planning Telkom (2010-2012), Project Controller-1 Project Management Office
Telkom (2009-2010). Assistant Vice President Business &amp; Finance Analysis
Telkom (2006-2009) and Project Management Consultant Garuda Maintenance
Facility (1992-1993).</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

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<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=IT style="font-size:10.0pt;line-height:normal;">HERDY ROSADI HARMAN (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IT style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Bandung, June 28, 1963.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 52 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelors Degree of Law from University of
Padjadjaran, Bandung, MBA from the Asian Institute of Management
Philippines-Institute Management Bandung/Telkom University, and Master of Law
(LLM) from American University, Washington DC, USA.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Herdy Rosadi Harman previously served as the Director
of Human Capital Management Telkomsel (2012 - 2014), VP Regulatory Management
Telkom (2007-2012), Vice President of Legal &amp; Compliance Telkom (2006 -
2007) and General Manager Management Support Telkom (2003-2006).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=NL style="font-size:10.0pt;">ABDUS SOMAD ARIEF (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born &#160;&#160;&#160;&#160;&#160; : Sidoarjo, September 25, 1963.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age &#160;&#160;&#160;&#160;&#160;&#160;&#160; : 52 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor degree of Electrical Engineering of Bandung
Institute of Technology and Master of Information and Technology Systems of
Bandung Institute of Technology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Abdus Somad Arief previously was Director of Network
Telkomsel (2012-2014), Executive General Manager - Enterprise Service Division
Telkom (2009 - 2012), Vice President of Business Development Telkom (2008 -
2009) and Deputy Executive General Manager of the Enterprise Service Division
(2007 - 2008). Abdus Somad Arief also been the President Commissioner of PT
Pramindo Ikat Nusantara (2011 - 2012) and Commissioner of PT Infomedia Nusantara
(2010 - 2011).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DIAN
RACHMAWAN (DIRECTOR)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Bangil, May 14, 1964.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 51 years.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Position and Appointment Basis</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Director, appointed based on Telkom Extraordinary
General Meeting of Shareholders (EGMS) on December 19, 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bachelor of Electrical Engineering in Institut
Teknologi Sepuluh November and Master of Telecommunication Engineering of
University of Bradford, England.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Dian Rachmawan previously was the CEO of PT
Telekomunikasi Indonesia International (Hong Kong) Limited (2011-2014),
Director of Business and Partnership Development of PT Telkom Indonesia
International (2007-2011), Executive General Manager Fixed Wireless Network
Division (2005-2007) and General Manager of Telkom South Jakarta (2004-2005).</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COMMPRO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">COMMITTEES
PROFILE </font><font face="Times New Roman" lang=EN style="font-size:11.0pt;line-height:normal;">UNDER THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The Board of
Commissioners, in carrying out its duties, are assisted by several committees
under the coordination of the Board of Commissioners, namely: the Audit
Committee, the Nomination and Remuneration Committee (&quot;KNR&quot;) and the
Risk Planning Evaluation and Monitoring Committee (&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KEMPR</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&quot;).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">THE AUDIT COMMITTEE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The composition of the Audit Committee as established
by the Board of Commissioners Decree No.10/KEP/DK/2015 dated September 30</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2015
is as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:18.9pt;width:97.52%;">
 <tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Membership</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Name</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chair</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=83% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rinaldi
  Firmansyah (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=83% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Tjatur Purwadi</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Unaffiliated
  External Member</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=83% style="background:#c6d9f1;height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Parikesit Suprapto</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent
  Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dolfie
  Othniel Fredric Palit (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Tjatur Purwadi (Secretary/Member)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : Surabaya,
January 28, 1956.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 60
years old.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Position and Basis of Appointment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Board of Commissioners Decree
No.10/KEP/DK/2015 dated September
30</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Bachelor&#8217;s degree in Accounting from Gadjah
Mada University and a Master&#8217;s degree in Management from Padjadjaran
University.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Before being appointed as secretary of the
Telkom Audit Committee, Tjatur Purwadi has worked at Telkom from 1979 to 2012.
While working at Telkom, Tjatur Purwadi has held several strategic positions,
where he served as Vice President (&quot;VP&quot;) of Financial and Logistics
Policy and Internal Audit Head. After retiring from Telkom, he has been served
as Director Assurance Team of the Tanudiredja, Wibisana &amp; Partners/PwC.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">To see the profile of the other Audit
Committee members, please refer to &quot;Telkom Indonesia Management &#8211; Profile
of the Board of Commissioners&#8221;. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">THE NOMINATION AND REMUNERATION COMMITTEE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The membership composition of the Nomination
and Remuneration Committee, in accordance with the Board of Commissioners
Decree No.13/KEP/DK/2015 dated December 28</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2015, is
as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:18.9pt;width:97.8%;">
 <tr>
  <td width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Membership</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=84% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Name</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chair</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Member&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=84% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit
  Suprapto (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=84% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ario
  Guntoro (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Secretary of the Board of
  Commissioners</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=84% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hendri
  Saparini (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">President Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiyanto
  (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dolfie
  Othniel Fredric Palit (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Margiyono
  Darsasumadja (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rinaldi
  Firmansyah (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">P</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">amiyati </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Pamela
  Johanna Waluyo (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent
  Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Ario Guntoro (Secretary)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : Prabumulih, January 27,
1970.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 46 years old.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Position and Basis of Appointment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Board of Commissioners Decree
No.10/KEP/DK/2013 dated October 4, 2013.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Bachelor of Economics (SE).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Ario Guntoro is a professional with an
extensive experience in finance, investment and banking. After working in the
national private banking sector from 1994 to 1999 as a Corporate Officer and
Brand Manager, Ario Guntoro worked for the Indonesian Bank Restructuring Agency
(&quot;IBRA&quot;) from 1999 to 2004, where his last position was Assistant
Vice President of the HIPA Division. In 2004, he served as a special advisor to
PT PPA (Persero). Before being appointed as Secretary, in 2004, he served as
the Secretary of the Risk Planning Evaluation and Monitoring Committee (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KEMPR</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">) of PT Telkom Indonesia (Persero) Tbk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">To see the profile of the other members of the
Nomination &amp; Remuneration Committee, please see &quot;Telkom Indonesia
Management - Profile of the Board of Commissioners&quot;.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">RISK PLANNING EVALUATION AND MONITORING
COMMITTEE </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The membership composition of the Risk
Planning Evaluation and Monitoring Committee, in accordance with the Board of
Commissioners Decree No.07/KEP/DK/2015 dated May 12, 2015, is as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:18.9pt;width:97.8%;">
 <tr>
  <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Membership</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Name</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Chair/Member</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=88% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiyanto
  (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:</font></p>
  </td>
 <td valign=top width=88% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dolfie
  Othniel Fredric Palit (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Margiyono
  Darsasumadja (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit
  Suprapto (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">P. Pamela
  Johanna Waluyo (</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rustanto
  Hadimartono</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">All members of the Risk Planning Evaluation
and Monitoring Committee (except Hadiyanto, Dolfie Othniel Fredric Palit, and
Margiyono Darsasumadja) are external and independent members.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Rustanto Hadimartono (Member)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Personal</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Born&#160;&#160;&#160;&#160;&#160;&#160; : Klaten, July 8, 1959.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Age&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : 56 years old.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Citizenship and Domicile</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Indonesian citizen, domiciled in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Position and Basis of Appointment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Board of Commissioners Decree
No.07/KEP/DK/2015 dated May 12, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Education</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Bachelor&#8217;s degree in Law from Diponegoro
University (1982), Master of Laws in International Legal Studies (LL.M.) from
the Washington College of Law - American University (1987) and Doctor of Law
from Parahyangan Catholic University (2011).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Career</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Prior to joining the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KEMPR&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
Committee in the beginning of 2014, Rustanto Hadimartono worked as a civil
servant at the Investment Coordinating Board (1983-1992). He then moved to the
private sector, working at Marathon Petroleum Indonesia, Ltd. (1992), PT
Rothmans of Pall Mall Indonesia (1992-1994), PT Anwar Sierad, Tbk (1994-1997),
PT Drassindo Persada Utama (1997-1998), PT Satelit Palapa Indonesia (Satelindo
1998-2003) and PT Indosat, Tbk (2003-2009), respectively. In addition, since
1984 until now, he teaches at several private universities on the subject of
law and public policy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">To see the profile of the other members of the
Risk Planning Evaluation and Monitoring Committee, please see &quot;Telkom
Indonesia Management - Profile of the Board of Commissioners&quot;.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=EXPRO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">EXECUTIVES
PROFILE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Position</font></b></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=37% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Name</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Vice President
  Corporate Secretary</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Afriwandi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Vice President
  Program Management Office</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Ikhsan</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Vice President
  Internal Audit </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Harry Suseno Hadisoebroto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Corporate
  Communication</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Arif Prabowo</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Regulatory
  Management</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Henry Christiadi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Corporate
  Office Support</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Hardi Purwanto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Legal and
  Compliance</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Tony Suwarjo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Enterprise
  Management Audit</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Heru Muara Sidik</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President
  Infrastructure and Operations Audit</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dani Ramdani</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Support and
  Subsidiary Audit</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Budhi Santoso</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Risk and
  Process Management</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Jajat Sutarjat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Investor
  Relation</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Andi Setiawan</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Management
  Accounting</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Edi Witjara</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Corporate
  Finance</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Roby Roediyanto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Financial and
  Logistic Policy </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Agus Hery Prasetyo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Project Director Proyek T &#8211;
  ISCM</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">I Ketut Dody Wirawan</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Finance, Billing and Collection Center</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Martinus Wisnu Adji</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Supply Center</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Weriza</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President HC Strategic
  Management</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dwi Heriyanto B.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President HC
  Development</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Aris Hartoni</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President HC
  Organizational Effectiveness</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Djonet Hartono</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Telkom Smart
  Office</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Ardi Purwanto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager HC
  Business Partner Center</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Yul Martin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Telkom Corporate University Center</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Danang Baskoro Dwinugroho</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Assessment Center Indonesia</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Teuku Zilmahram</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Community Development Center</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Nur Hassim Haji Rusdi</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Strategic Investment </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Setyanto Hantoro</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Vice President
  Synergy</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Achmad Sugiarto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Corporate
  Strategic Planning</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Andy Revara</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Innovation
  Strategy</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">IGN. Wiseto Prasetyo Agung</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Project Director Probis TV
  Video</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Joddy Hernady</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Kapro CFU Transformation</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Saiful Hidajat</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Digital Service Division</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Arief Musta&#8217;in</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Project Director MILES</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Natal Iman Ginting</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Project Director Probis ICT
  Public Transportation Service</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Suprayitno</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Enterprise
  Business Development</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Ilmianto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Enterprise
  Parenting Operation</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Bagyo Nugroho</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Enterprise
  Performance Integration</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Joni Heri</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President COO
  Supervision</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Devi Alzy</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Enterprise
  Planning Strategy</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Wisnu Haryadi</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Business Service Division</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Yusron Hariyadi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Government Service Division</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mohammad Salsabil</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Enterprise Service Division</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Siti Choiriana</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Consumer
  Product Planning</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Teni Agustini</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Consumer
  Marketing &amp; Sales </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Jemy</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Consumer
  Relationship Management</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Agus Winarno</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Operational Vice President
  Consumer Service Supervision</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Sujito</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional I</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Teuku Muda Nanta</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional II</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Prasabri Pesti</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional III</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Suparwiyanto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional IV</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Rosyidul Umam Aly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional V</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Iskriono Windiarjanto</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional VI</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Joko Raharjo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive Vice President
  Telkom Regional VII</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mohammad Firdaus</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Wholesale
  &amp; International Development </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mohamad Ramzy</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Wholesale
  &amp; International Voice Service</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Erik Orbandi</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Wholesale
  &amp; International Network Service </font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Budi Satria Dharma Purba</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Wholesale Service Division</font></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Faizal Rochmad Djoemadi</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Position</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Solution</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Admiral Dasrin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President Infrastructure
  Strategy &amp; Governance </font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pramasaleh Hario Utomo</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Vice President IT Strategy
  &amp; Governance</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Alip Priyono</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Project Director Probis Turn
  Around</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Suhartono</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Planning &amp; Deployment Division</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Revolin Simulsyah</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Service Operation Division</font></p>
  </td>
 <td width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Nanang Hendarno</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Executive General Manager
  Service &amp; Solution Division</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Imam Santoso</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=61% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior General Manager
  Information System Center</font></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">:</font></p>
  </td>
 <td width=37% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Halim Sulasmono</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TBG></a><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM BUSINESS GROUP </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To
perform a business portfolio according to the principles of good corporate
governance and best practices, as well as with regard to the provisions of
legislation in force, Telkom Group formed a Board of Executive
(&quot;BOE&quot;), facilitating parenting mechanism towards subsidiaries. Subsidiaries
are divided into category, the cellular business coordinated by Telkomsel,
media coordinated by Telkom Metra, infrastructure coordinated by Telkom Infra,
and international coordinated by Telin.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><a name=TBGS></a><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM BUSINESS GROUP STRUCTURE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Business
group structure and composition of the Telkom Group's shares are presented in
the following diagram</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=464 src="x16040107550601.jpg" width=656>&nbsp;</p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><a name=SACOM></a><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SUBSIDIARIES AND ASSOCIATED
COMPANIES</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, 2015 and 2014, the Company has
consolidated the financial statements of a subsidiary owned directly or
indirectly, as follows:</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Direct Subsidiaries</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:8.5pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Percentage of Ownership Interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Nature of Business</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operational Stastus</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Telekomunikasi Selular (&#8220;Telkomsel&#8221;), Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">65%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">84.086</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telkomsel, was
  established on May 26, 1995, provides telecommunications and mobile phone
  service. </font><font color=windowtext face="times new roman" lang=EN style="font-size:9.0pt;line-height:normal;">Using the Global System for
  Mobile Communication </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">technology </font><font color=windowtext face="times new roman" lang=EN style="font-size:9.0pt;line-height:normal;">(GSM).</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:20.7pt;">
  <td valign=top width=16% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Dayamitra Telekomunikasi (&#8220;</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mitratel</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">9.341</font></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Mitratel
  provides fixed line telephone services, supply of telecommunications
  facilities and infrastructure and telecommunications services. Acquired on
  May 17, 2001, Mitratel transformed it self by entering the telecommunications
  infrastructure supply business, which includes supplying telecommunications
  towers to meet the BTS installment needs of telecommunications operators all
  over Indonesia.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">On October 9,
  2014, the </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">C</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">ompany signed a Conditional Shares Exchange Agreement with
  PT Tower Bersama Infrastructure Tbk (&quot;TBI&quot;)
  to exchange its 49% ownership in Mitratel for 5.7% ownership in TBI.
  Regarding the Conditional Shares Exchange Agreement (&#8220;CSEA&#8221;) with PT Tower
  Bersama Infrastructure Tbk. (&#8220;TBI&#8221;), the transaction was terminated by the
  Company due to nonfulfillment of the terms stated in the CSEA.</font></p>
  </td>
 <td valign=top width=1% style="height:20.7pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Multimedia Nusantara (&#8220;Metra&#8221;), Jakarta</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunications
  networks and multimedia services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">8.563</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Metra, founded
  on May 9, 2003, managing our multimedia
  busines</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">s</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">. Metra provides the development service, construction, and
  network maintenance as well as multimedia services (data communication system
  services, portal services, and online transaction services).</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Telekomunikasi Indonesia International (&#8220;Telin&#8221; or
  &#8220;TII&#8221;), Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">5.604</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Previously
  known as PT Ariawest International, Telin was </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">acquired&nbsp;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">
  on July 31, 2003 and is a wholly owned subsidiary of Telkom. Currently, Telin
  has obtained the </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">fixed closed network (&#8220;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jartaptup</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8221;)&nbsp;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;"> license and Network Access Provider license. Telin
  provides network services and international telecommunication services, as
  well as international business..</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">PT Telkom Akses (&#8220;Telkom Akses&#8221;)</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">, Jakarta</font></b><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Construction, services
  and trade in telecommunications</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">3.696</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telkom Akses
  was established on November 26, 2012.</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> It
  commercially operate on February 2013.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Graha Sarana Duta (&#8220;Telkom Property&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">99,99%</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Office leasing and
  building management, maintenance service, civil consultant, and developer.</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">3.581</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Acquired on
  April 25, 2001, Telkom Property operates throughout Indonesia and manages
  buildings owned by us and third parties.</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:23.75pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Percentage of Ownership Interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Nature of Business</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operational Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:23.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.75pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT PINS Indonesia (&#8220;PINS&#8221;), Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Services and
  telecommunications development</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2.960</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PINS was
  originally established to operate our KSO in Sumatra and was acquired on
  August 15, 2002.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.75pt;">
  <td valign=top width=16% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Infrastruktur Telekomunikasi Indonesia (&#8220;Telkom
  Infratel&#8221;), Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication
  development service</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">647</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">On January 16,
  2014, The Company established a subsidiary with the name of PT Infrastructure
  Telecommunications Indonesia.</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.75pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Patra Telekomunikasi Indonesia (&#8220;Patrakom&#8221;), Jakarta,
  Indonesia </font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Services of satellite
  communication systems, related services and facilities for companies engaged
  in the oil industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">472</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Patrakom was
  established on September 28, 1995. On November 25 and 29, 2013, the Company
  acquired additional interest of 40% and 20% respectively of Patrakom.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:23.75pt;">
  <td valign=top width=16% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Napsindo Primatel Internasional (&#8220;Napsindo&#8221;), Jakarta,
  Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">60%</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication &#8211;
  provides Network Access Point (&#8220;NAP&#8221;) Voice Over Data (&#8220;VOD&#8221;) and other
  related services</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Ceased
  operation</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Napsindo was
  established on December 29, 1998, Napsindo ceased operation as of January 13,
  2006.</font></p>
  </td>
 <td valign=top width=1% style="height:23.75pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indirect
Subsidiaries</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:8.5pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">Companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Percentage of Ownership Interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Nature of Business</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operational Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Sigma Cipta Caraka (&#8220;Sigma&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tangerang</font></b><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Informatics technology
  service &#8211; implementation and integration system, outsourcing, and license
  &amp; software maintenance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3.587</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Sigma was
  established on May 1, 1987 with a focus on provides IT and solutions service.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Infomedia Nusantara (&#8220;Infomedia&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100% (including through 49% ownership
  of the Company)</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Data and information services -
  providing telecommunications information services and other information
  services in print and electronic media, and call center services</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1.622</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Infomedia was
  acquired on September 22, 1999 to organize KSO in Sumatra. Infomedia has
  transformed from focusing on 3 pillars of business (directory services,
  contact center services, and content services) focus on  Business Process
  Outsourcing and Digital Media &amp; Rich Content service.</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telekomunikasi Indonesia International Pte. Ltd., Singapore</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">100% through Telin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1.618</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telin Singapore
  was established on December 6, 2007, pursuant to the laws of Singapore. Telin
  Singapore is a wholly owned subsidiary of TII. The Company has obtained Facility
  Based Operator License. Currently, it provides wholesale voice, wholesale
  data and Managed Service.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=16% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">PT Telkom Landmark Tower </font></b><b><font color=black face="Times New Roman" style="font-size:9.0pt;line-height:normal;">(&#8220;TLT&#8221;)</font></b><b><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">, Jakarta</font></b></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">55% through Telkom
  Property</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Property
  management and developer service.</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">1.24</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">TelkomPropert
  established TLT with Yakes Telkom on December 27, 2011.</font></p>
  </td>
 <td valign=top width=1% style="height:8.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:6.5pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Percentage of Ownership Interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Nature of Business</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operational
  Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telekomunikasi Indonesia International (TL) S. A. (&#8220;Telin
  Timor Leste &#8221;), Dili</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">100% through Telin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">854</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telin Timor
  Leste was a subsidiary of Telin Indonesia, established on September 11, 2012.
  Telin Timor Leste has obtained radio spectrum and general registration
  certificate license. The service currently provided Fixed Telephone
  Connections; Mobile Connections; Internet Connections; Traffic-Fixed Line;
  Traffic-Mobile</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Metra Digital Media (&#8220;MD Media&#8221;), Jakarta</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">99,99%
  through Metra</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Information
  telecommunication service</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">618</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">MD Media was
  established on January 22, 2013.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Finnet Indonesia (&#8220;Finnet&#8221;), Jakarta</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">60% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Information
  technology services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">513</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Finnet was
  established on October 31, 2005, as provider of IT infrastructure,
  applications, and content for information systems and financial transactions
  for the banking and financial services industries.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telekomunikasi Indonesia International (Hong Kong) Limited.
  (&#8220;Telin Hong Kong), Hong Kong</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">100%
  through Telin</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">326</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telin Hong Kong
  was established in Hong Kong on December 8, 2010 a wholly owned subsidiary of
  TII. Telin Hong Kong obtained Unified Carrier License on March 1, 2011,
  Service Based Operator for MVNO on July 27, 2011 and License for Operating
  Money Service on July 18, 2012. Currently, it provides wholesale voice,
  wholesale data and retail mobile services. The MVNO service is provided under
  the brand Kartu As 2in1.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telekomunikasi Indonesia International Pty Ltd., (&#8220;Telkom
  Australia&#8221;), Melbourne, Australia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">100% through Telin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">171</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telkom
  Australia is a subsidiary owned exclusively by Telin Indonesia. Established
  on January 14, 2013 by running Business Process Outsourcing (BPO),
  Information Technology Outsourcing (ITO), and Telecomunication Services.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:10.0pt;">PT Nusantara Sukses Investasi (&#8220;NSI&#8221;), Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:115%;">99,99% through
  Telkom Property</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Service and Trading </font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:10.0pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">165</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">NSI was established on August 27, 2014</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Administrasi Medika (&#8220;Ad Medika&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">75% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Administration and
  insurance/health services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">160</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Ad Medika was
  established on February 25, 2010, provides online claim service between the
  hospitals and health insurance companies.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Graha Yasa Selaras (&#8220;GYS&#8221;),
  </font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">51% through Telkom
  Property</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Tourism service</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">1</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">60&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telkom Property
  founded GYS together with Yakes Telkom on February 7, 2012 focused on
  hospitality services.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Metra Plasa (&#8220;Metra Plasa&#8221;), </font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">60% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Portal service </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">85</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Metra</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Plasa </font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">was established on April </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">, 20</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">12&nbsp;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;"> &nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Metranet (&#8220;Metranet&#8221;), Jakarta</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">99.99%
  ownership by Metra</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">Multimedia
  portal service</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">66</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Metranet was
  establish on April 17, 2009.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:6.5pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">Companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Percentage of Ownership Interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Nature of Business</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operational Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">Telekomunikasi Indonesia International (USA) Inc., Los
  Angeles, USA</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">100% through
  Telin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telecommunication and
  IT</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">52</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Telekomunikasi
  Indonesia International (USA) Inc. is a subsidiary that entirely owned by
  Telin Indonesia. Established on December 11, 2013.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Sarana Usaha</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">
  Sejahtera Insanpalapa (&#8221;TelkoMedika&#8221;) Jakarta, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> </font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">75% </font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> through </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Metra&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Health service, a
  pharmacy, and laboratory, etc.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">49</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">TelkoMedika
  </font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">was acquired on </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">November&nbsp;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">
  30,</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Pojok Celebes Mandiri (&#8220;PCM&#8221;)</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">, Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">51% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Travel agent/bureau
  service</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">18</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PCM was
  established on A</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">gustus&nbsp;</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;"> 1</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">, 20</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">.&nbsp;</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> On August 30, 2013, Metra
  changed its ownership in pointer become 51%.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Satelit Multimedia Indonesia (&#8220;SMI&#8221;)</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">, Jakarta</font></b><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">99,99</font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">% through Metra</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Trade services and
  telecommunications network, satellite, and multimedia tools</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">SMI was established
  on March 25, 2013.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Metra Digital Investama (&#8220;MDI&#8221;)</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">, Jakarta</font></b><b><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">99,99% through Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Trading and/or
  providing service related to information and technology, multimedia,
  entertainment, and investment</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">MDI previously
  PT Metra Media, was established on January 29, 201</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">3&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:13.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">PT Metra TV (&#8220;Metra TV&#8221;)</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">,
  Jakarta</font></b><b><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">99,83% through Metra</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Broadcasting
  subscription service</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operate</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Metra TV was
  established on January 8, 2013.</font></p>
  </td>
 <td valign=top width=1% style="height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Nusantara Sukses Sarana
  (&#8220;NS</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">S</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&#8221;), </font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">99,99%&nbsp; through TELKOMPROPERTY</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">Building
  management and hotel s</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">ervice</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">s&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Not yet
  operating</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">NS</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">S&nbsp;</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> was established on </font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">August
  27</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:6.5pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.5pt;">
  <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Nusantara Sukses </font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Realiti&nbsp;</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;"> (&#8220;NS</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">R</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&#8221;), </font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></b><b><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">, Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">99,99% through Telkom
  Property</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Service and Trading </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Not yet
  operating</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">NS</font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">R&nbsp;</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;"> was established on </font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">August
  27</font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">, 2014</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:6.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ENAC></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">EMPLOYEE
NUMBERS AND COMPOSITION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Employee </font></b><b><font face="Times New Roman" style="font-size:9.0pt;">profile based on </font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">number as of December 31,</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=27% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Employee N</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">u</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">mbers&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Composition changes to the previous year (%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 24,785</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (2</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25,284</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25,011</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (3</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25,683</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2011</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 26,023</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16,097</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (7</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17,279</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17,881</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (7</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,185</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2011</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,780</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8,688</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">9</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8,005</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7,130</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 10</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,498</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2011</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,243</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Employee numbers based on gender as of
  December 31,</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Total Employees (people)</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Male</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Female</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Number (people)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Percentage (%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Number (people)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Percentage (%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 24,785</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,312</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 77.92</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,473.00</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 22.08</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25,284</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,915</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 78.77</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,369</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21.23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25,011</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,866</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 79.43</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,145</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20.57</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16,097</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12,935</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 80.36</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,162</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19.64</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17,279</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,091</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 81.55</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,188</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 18.45</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17,881</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,662</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 82.00</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,219</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 18.00</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8,688</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,377</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 73.40</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,311</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 26.60</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8,005</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,824</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 72.75</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,181</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27.25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7,130</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,204</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 72.99</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,926</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27.01</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=RWG></a><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">See &quot;Management
Discussion and Analysis of Telkom Indonesia Performance - Functional Overview -
Human Capital&quot; for detail explanation.&#160;&#160; </font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">RELATIONSHIP WITH GOVERNMENT</font></b></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government is our majority and
controlling shareholder. It is also our regulator as it adopts, administers and
enforces relevant laws that regulate telecommunications sector, sets tariffs
and issues licenses. It is also one of our customers and one of our lenders.</font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As used in this section, the term
&#8220;Government&#8221; includes the Government of Indonesia and its ministries,
directly-owned government departments and agencies, but excludes SOEs.</font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government as Shareholder</font></b></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government is our majority and
controlling shareholder and owns 52.55 % of our common
stock as of December 31, 2015. Its ownership of the Series A Dwiwarna share
gives it special voting and veto rights. Under the relevant laws, the
&#8220;ownership&#8221; of our common stock and the single outstanding Series A Dwiwarna
share is vested in the Ministry of Finance (&#8220;MoF&#8221;). In turn, and under the
authority of the MoF, the Minister of State-Owned Enterprise (&#8220;MSOE&#8221;) exercises
the rights vested in these securities as our &#8220;controlling shareholder.&#8221;</font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As our majority shareholder and
controlling shareholder, the Government has an interest in our performance,
both in terms of the service we provide to the nation and our ability to
operate on a commercial basis. The material rights and restrictions that apply
to our common stock also apply to the Series A Dwiwarna share, except that the
Government may not transfer the Series A Dwiwarna share, and has special right
with regard to: (1) the nomination, appointment and removal of our Directors;
(2) the nomination, appointment </font></p>

<p style="margin-bottom:7.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and removal of our Commissioners; (3) the issuance of
new shares and (4) any amendments to our Articles of Association, including
with respect to actions to merge or dissolve our Company, increase or reduce
our authorized capital, or reduce our subscribed capital. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government as Regulator</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government regulates the
telecommunications sector through the MoCI. The MoCI has the authority to issue
regulations that implement laws, which are typically broad in scope. Through
such decrees the MoCI defines the structure of the industry, determines tariff
formulas, establishes our USO, and otherwise controls many factors that could
influence our competitive position, operations and financial position.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We are required to obtain a license from
the DGPT for each type of service offered, including licenses for the
frequencies we use (as allocated by the MoCI). We and other operators are
required to pay frequency usage fees. Telkomsel also holds licenses issued by
the MoCI (some of which were previously issued by the Minister of
Communications) for the provision of cellular services, and from the Indonesian
Investment Coordinating Board in relation to Telkomsel&#8217;s investments for the
development of cellular phone services with national coverage, including the
expansion of network coverage. The Government, through the MoCI as regulator,
has the authority to issue new licenses for the establishment of new joint
ventures and other new arrangements, particularly in telecommunications.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government as Lender</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In July 1994, the Government arranged a
facility under which certain foreign institutions provided us with a two-step
loan for certain expenditures (the &#8220;sub-loan borrowings&#8221;). The sub-loan
borrowings were made through the Government and are guaranteed by it. As of December
31, 2015 , we had a total of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1,520 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,
or US$</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">110 million</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in such outstanding two-step loans, including current
maturities. We are required to pay the Government interest and repay the
principal, which the Government then remits to the respective lenders. As of
December 31, 2015, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.0% of such sub-loan borrowings were denominated in
foreign currencies, with the remaining </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.0% denominated in Rupiah. In
2015, the annual interest rates charged </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% on loans
repayable in Rupiah, 4.0% on those denominated in US Dollar and 3.1% for those
denominated in Japanese Yen.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government as Customer</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A number of ministries and government agencies utilize
our services as direct commercial customers. No services are provided for free
or on an in-kind basis. We deal with these departments and agencies as separate
customers. In 2015, the amount of revenues from Government departments and
agencies was Rp168 billion, which was
approximately 0.19% of our consolidated revenues and did not constitute a
material part of our revenues. The Government departments and agencies are
treated for tariff purposes with respect to connection charges and monthly
charges as &#8220;residential&#8221;, which tariffs are lower than the business service
rates. This does not apply to the tariffs for local, long distance and IDD
calls.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">It is our policy not to enter into any transactions
with affiliates unless the terms are no less favorable to us than they would be
with a third party. The MSOE has advised us that it would not cause us to enter
into transactions with other entities under its control unless the terms were
consistent with our policy as referred to above.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Pursuant to OJK
regulations, because we are listed on the IDX, any transaction where there is
an inherent conflict of interest (as defined below) with another IDX-listed
company must be approved by majority of the holders of our common stock who do
not have a conflict of interest in the proposed transaction, unless such
conflict of interest existed before listing and was fully disclosed in the
offering documents.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">50</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SOO></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">STOCK
OVERVIEW AND OBLIGATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SHACOM></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SHAREHOLDERS COMPOSITION</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The authorized
capital of the Company consists of 1 stock of Series A Dwiwarna, and
399,999,999,999 Series B stocks (ordinary stocks). The authorized issued and
fully paid capital of 100,799,996,400, consisting of 1 stock of Series A
Dwiwarna and 100,799,996,399 Series B stocks. 1 stock of Series A Dwiwarna
belongs to Government of the Republic of Indonesia (&quot;Government&quot;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Composition of Telkom
Shareholders as of March 21, 2016</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Series A Dwiwarna Share</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Series B Shares (Common Stock)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Percentage of Ownership</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Government</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51,602,353,559</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.55</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=50% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Public</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">46,595,863,040</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 47.45</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Subtotal (Capital issued and
  fully paid)</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">98,198,216,599</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 100.00</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=50% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Treasury Stock</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,601,779,800</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">100,799,996,399</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 100.00</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Composition of Telkom shareholders per March 21, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6 is
as follows:</font></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Shareholders with Ownership More Than 5%</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (Ma</font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/Controll</font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ing&nbsp;</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Shareholder)</font></i></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Title of Class</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><i><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Person or Group</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Shares</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Percentage of Ownership</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Series A Dwiwarna Share</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td width=50% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Series B Shares Common Stock</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51,602,353,559</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.55</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></i></b><b><i><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Ownership of Stocks
by Directors and Commissioners</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On March 21, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, none of our Directors or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Commisioners who </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">have
more than 1.0% of our s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">tocks</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="background:#c6d9f1;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=30% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Commissioners or
  Directors</font></b></p>
  </td>
 <td width=30% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Shares</font></b></p>
  </td>
 <td width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=19% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Percentage of Ownership</font></b></p>
  </td>
 <td width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Commissioners </font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=top width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Hendri Saparini</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 18,982</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Hadiyanto</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 519,640</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 17,084</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Directors</font></b></p>
  </td>
 <td width=30% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=19% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Alex J Sinaga</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 42,723</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Indra Utoyo</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,182,295</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Honesti Basyir</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,155,295</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,154,755</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Heri Sunaryadi</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 37,965</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Abdus Somad Arief</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 37,965</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 37,663</font></p>
  </td>
 <td width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dian Rachmawan</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 98,505</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=30% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
 <td valign=top width=30% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,302,872</font></p>
  </td>
 <td width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=19% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;0.01</font></p>
  </td>
 <td valign=top width=1% style="background:transparent;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Shareholders with Less than 5% Ownership</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Shareholders with less than
5% ownership as of March 21, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td colspan=2 width=51% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Group</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Shares</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Percentage of Ownership</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Foreign</font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Business Entities</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 38,302,801,269</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 39.01</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Individuals</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 13,581,900</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 0.01</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Local</font></b></p>
  </td>
 <td width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Business Entities</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Companies</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,405,353,212</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2.45</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mutual Funds</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,795,943,032</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2.85</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Insurance Companies</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,034,031,450</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.07</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pension Funds</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">589,183,150</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.60</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=26% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Others Business Entities</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">73,004,490</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.07</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Individuals</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">381,964,537</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.39</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=25% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td width=26% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">46,595,863,040</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;"> 47.45</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Proportion of Common Stock Held in Indonesia and
Abroad</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of March 21, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6, we
had 38,727 common stock shareholders, including the Government. This total
includes 39,304,112,969 common stock shares owned by 2,095 shareholders outside
Indonesia. As of the same date, there were 91 ADS shareholders who owned
44,381,083 ADS (1 ADS is equivalent to 200 common stock shares).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5.</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">List of the </font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">20&nbsp;</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Biggest Public Shareholders</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The following </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">was our twentieth </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">biggest&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
public shareholders u</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ntil March 21, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap width=2% style="border:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Shareholders
  Name</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Percentage
  of ownership</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">JP Morgan Chase Bank Na Re
  Non-Treaty Clients </font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">GIC S/A Government Of
  Singapore</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.13</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">BPJS Ketenagakerjaan-Jht</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">BNYM SA/NV As Cust Of
  Employees Provident Fd Board</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.79</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">BBH Boston S/A Vangrd Emg
  Mkts Stk Infd</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.77</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Jpmcb-Virtus Emerging
  Markets Opportunities Fund</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.76</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pt. Prudential Life
  Assurance</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.73</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">The Northern Trust Co S/A
  Saudi Arabian Monetary Agency</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.54</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">JPMCB-Vanguard Total
  Interntnl Stock Index Fund</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.52</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">HSBC Bank Plc S/A Saudi Arabian
  Monetary Agency</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.47</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">BBH Boston S/A Matthews
  Pacific Tiger Fund</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.44</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Citibank New York S/A
  Government Of Norway</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.44</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Rbc Isb S/A Vontobel
  Fund-Emerging Markets Equity</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.43</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">JPMCB-Stichting Depositary
  Apg Eme Mrkt Eq Pool</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.40</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Reksa Dana Schroder Dana
  Prestasi Plus</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.38</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">16</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">JPMCB-Europacific Growth
  Fund</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.36</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SSB 1ba9 Acf Msci Equity
  Index Fund B-Indonesia</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.35</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">18</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pictet And Cie (Europe)
  S.A., Pictet Global Selection Fund-Global Utilities Equity Fund</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.34</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">19</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SSB Obih S/A Ishares Msci
  Emerging Markets Etf</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.31</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=2% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">HSBC BK Plc Re Agus Fund
  Manager S/A Abu Dhabi Investment Authority</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.28</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CHROSIS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CHRONOLOGY OF STOCK ISSUED</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Date</font></b></p>
  </td>
 <td rowspan=2 width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=27% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Corporate Actions</font></b></p>
  </td>
 <td rowspan=2 width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 width=65% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Government of</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">the Republic Indonesia</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Public</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">11/13/1995</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pre Initial Public Offering
  (&quot;Pre-IPO&quot;)<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,400,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 100.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Sale of Government's shares<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (933,334,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 933,334,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">New shares issued by Telkom<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 933,333,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,466,666,000</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 80.0</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,866,667,000</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 20.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">12/11/1996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Block Sale of Government's
  shares<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (388,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 388,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 7,078,666,000</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 75.8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,254,667,000</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">05/15/1997</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Distribution of incentive shares by the Government to
  public shareholders<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,670,300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,670,300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 7,075,995,700</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 75.8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,257,337,300</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">05/07/1999</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Block Sale of Government's
  shares<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (898,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 898,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,177,995,700</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 66.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,155,337,300</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 33.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">08/02/1999</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Distribution of bonus shares (emission) (every 50
  shares acquire 4 shares)<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 494,239,656</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 252,426,984</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,672,235,356</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 66.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,407,764,284</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 33.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">12/07/2001</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Block Sale of Government's
  shares<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,200,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,200,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5,472,235,356</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 54.3</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,607,764,284</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 45.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">07/16/2002</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Block Sale of Government's
  shares<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (312,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 312,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5,160,235,356</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,919,764,284</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 48.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">10/01/2004</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Stock Split (1:2)<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,839,528,568</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 48.8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">12/21/2005</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share repurchase program (I)<sup>1&nbsp;</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (211,290,500</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,628,238,068</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 48.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">06/29/2007</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share repurchase program
  (II)<sup>2&nbsp;</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (215,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,413,238,068</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 47.7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">06/20/2008</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share repurchase program
  (III)<sup>3&nbsp;</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (64,284,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,348,954,068</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 47.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">05/19/2011</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share repurchase program
  (IV)<sup>4&nbsp;</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (520,355,960</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 53.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,828,598,108</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">06/14/2013</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Transferred a portion of Share repurchase program III
  to employees through ESOP Program<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 59,811,400</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 53.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,888,409,508</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">07/30/2013</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Transferred share repurchase program I by private
  placement<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 211,290,500</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,320,470,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 53.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,099,700,008</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46.9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">09/02/2013</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Stock Split (1:5)<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51,602,353,560</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 53.1</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 45,498,500,040</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">06/13/2014</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Transferred share repurchase program I by private
  placement<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,075,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51,602,353,560</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.6</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46,573,500,040</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 47.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">12/21/2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Transferred share repurchase program III by private
  placement<sup> </sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 22,363,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Share Ownership Composition<sup>
  </sup></font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 51,602,353,560</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 52.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 46,595,863,040</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 47.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">1)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">The first share repurchase program
started on December 21, 2005 (the date of the Extraordinary General Meeting of
Shareholders at which the program was approved) and ended in June 2007.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">2)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">The second share repurchase program
started on June 29, 2007 (the date of the Extraordinary General Meeting of
Shareholders at which the program was approved) and ended in June 2008.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">3)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">The third share repurchase program
started on June 20, 2008 (the date of the Extraordinary General Meeting of
Shareholders at which the program was approved) and ended in December 2009.</font></p>

<p style="margin-bottom:2.85pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">4)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">The fourth share repurchase program
started on May 19, 2011 (the date of the Annual General Meeting of Shareholders
at which the program was approved) and ended in November 2012.</font></p>

<p style="margin-bottom:2.85pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face=Gotham-Medium lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Employee Stock Ownership Program</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Employee Stock Ownership Program (&#8220;ESOP&#8221;) is an
employee-owner scheme that provides our employee with an ownership interest in
our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">C</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ompany. At our initial public offering on November 14,
1995, a total of 116,666,475 shares were issued to 43,218 employees. On June 14, 2013, the Company transferred a portion of
the treasury stock to its employees as part of the 2012 annual incentives. The
59,811,400 (equal to 299,057,000 shares after stock split) treasury stock
transferred to 24</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">993 employees which had a total fair value of Rp66</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
billion. As of March 21, 2016, 110,256,210 of our shares were owned by 14,373 of our
employees and our retirees. In 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
and 2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, we did not conduct the ESOP.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Purchases
of Equity Securities by The Issuer and Affiliated Purchasers</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Share Buy Back Program</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><i><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Accordance with</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Purchase Period</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Number of Shares Purchased</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Average Price Paid per Share in Rp</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Use or Diversion</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Number of Shares Use/</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Diversion</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Use/Diversion Price in Rp</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Use/Diversion Date</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SBB I</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">EGMS December 21, 2005</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 21, 2005 - June 20,
  2007</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,056,452,500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,731</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Private Placement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,056,452,500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,280</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">July 30, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SBB II</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">AGMS June 29, 2007</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 29, 2007 - December 28,
  2008</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,075,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,832</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Private Placement</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,075,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,405</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">June 13, 2014</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SBB III</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">AGMS June 20, 2008</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">June 20, 2008 - December 20,
  2009</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 321,420,000</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,448</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">ESOP</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 299,057,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,143</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">April 19, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Block trade and crossing</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 22,363,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,060</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">December 21, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">SBB IV</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">AGMS May 19, 2011</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">May 19, 2011 - November 20,
  2012</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,601,779,800</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,461</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, 2015, our treasury stock balance is
2,601,779,800 common stock shares, equivalent to 2.6% of our issued and
outstanding common stock which comprise of Share Buyback Phase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">V.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> nominal value of the has considered the results of</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> the stock split ratio 1:5, which </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">became </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">effective
September 2, 2013.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">See Note 24 to our Consolidated Financial Statement.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CHROS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CHRONOLOGY OF OTHER SECURITIES </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bonds Program</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">The Company issued bonds worth Rp1,000 billion at July 16,
2002, at a nominal price for a period of five years. These bonds bear fixed
interest of 17% per annum, payable quarterly since October 16, 2002. The bonds
are traded on the Surabaya Stock Exchange with maturity date on July 16, 2007.
The trustee of the bonds is BRI, which since January 17, 2006 effectively
replaces BNI. PT Kustodian Sentral Efek act as custodian. The Company has made
the settlement of the debt bonds on July 16, 2007.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">We issued the second Rupiah bonds on June 25, 2010,
respectively Rp1,005 billion for Series A with a term of five years and Rp1,995
billion for Series B with a period of ten years. The issuance of bonds were
listed on the Indonesia Stock Exchange with the bond underwriters PT Bahana
Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas. The trustees are
PT CIMB Niaga Tbk. Telkom&#8217;s Bond II Serie A already matured and were repaid on
July 6, 2015.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">On June 16, 2015, the Company issued Continuous Bonds I
Telkom Phase I 2015, with a nominal amount Rp2,200 billion for Series A, a seven-year
period, Rp2,100 billion for Series B, a ten-year period, Rp1,200 billion for
Series C, a fifteen-year period and Rp1,500 billion for Series D, a thirty-year
period, respectively. The issuance of bonds were listed on the Indonesia Stock
Exchange with the bond underwriters PT Bahana Securities, PT Danareksa
Sekuritas, and PT Mandiri Sekuritas. The trustees are PT CIMB Niaga Tbk.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PT Pemeringkat Efek Indonesia (Pefindo) on March 10,
2016, provides idAAA bond rating (stable outlook) on Telkom&#8217;s Bond I 2015 and
Telkom&#8217;s Bond II Serie B 2010 for period of March 8, 2015 to March 1, 2017.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CMSP></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CAPITAL MARKET SUPPORTING PROFESSIONAL</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Capital Market Supporting Professional</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Address</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Service</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Assignment Period</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">External Auditor </font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">KAP Purwantono, Su</font><font face="Times New Roman" style="font-size:10.0pt;">ngkoro&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
  &amp; Surj</font><font face="Times New Roman" style="font-size:10.0pt;">a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">(</font><font face="Times New Roman" style="font-size:10.0pt;">a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">member firm of Ernst &amp; Young Global
  Limited)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Gedung Bursa Efek Jakarta
  Tower 2, 7<sup>th</sup> Floor Jl. Jend. Sudirman Kav. 52-53</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Jakarta - 12100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Conducted
  Integrated Audit of PT Telkom Indonesia (Persero) Tbk (&#8220;Telkom&#8221;) and General
  Audit over the financial statement of subsidiary.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The issuance of
  Consent Letter.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">2015,2014,2013,2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Administration Securities Bureau</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">PT Datind</font><font face="Times New Roman" style="font-size:10.0pt;">o </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Entrycom&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=ES style="font-size:10.0pt;">Wisma Sudirman Jl.
  Jend. Sudirman Kav</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font><font face="Times New Roman" lang=ES style="font-size:10.0pt;"> 34-35</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=ES style="font-size:10.0pt;">Jakarta - 10220</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Acts as Custodian
  of Telkom common stocks which being traded in Indonesia Stock Exchange.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Since IPO Telkom
  1995</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Trustee</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">PT Bank CIMB Niaga
  Tbk.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Graha Niaga, 20<sup>th</sup>
  Floor Jl. Jend. Sudirman Kav. 58</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Jakarta - 12190</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Represents the
  interest of Bondholders with the Company for bonds II Telkom.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Central Custodian</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">PT Kustodian
  Sentral Efek Indonesia</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Gedung Bursa Efek Jakarta
  Tower 1, 5<sup>th</sup> Floor Jl. Jend Sudirman Kav. 52-53</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Jakarta - 12190</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="courier new" lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Provide central custodian service and stock
  transaction settlement at IDX.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="courier new" lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Storage service and settlement for securities
  transaction, distribution of corporate action result.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Since 1995</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rating Agency </font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">PT Pemeringkat Efek
  Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Panin Tower Senayan City,
  17<sup>th</sup> Floor Jl. Asia Afrika Lot. 19</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Jakarta - 10270</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Provide rating over
  credit risk for Telkom bond issuance.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2012, 2013, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Ads Custodian Bank </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The Bank of New
  York Mellon Depositary Receipts</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">101 Barclay Street, New York,
  United State of America - 10286</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Acts as ADS stock
  Custodian which being traded at NYSE.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Since 1995</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Authorized Agent For Services In The United States
  Of America</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Puglisi and
  Associates</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">850 Library Ave # 204,
  Newark, DE 19711, United States</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Authorized representative
  in the United States in connection with the Securities pursuant to the
  requirements of the Act.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Since </font><font face="Times New Roman" style="font-size:10.0pt;">2012&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><a name=CMTMTA></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CAPITAL MARKET TRADING MECHANISM AND
TELKOM ADS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.2pt;line-height:normal;">Our common stock is listed and traded on the IDX. Our ADSs are also
listed and traded on the NYSE and the LSE as ADSs, where one ADS represents 200
shares of Common Stock.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.2pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
Indonesian Stock Market </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">Indonesia&#8217;s stock market, known as the IDX, emerged out of the December
1, 2007 merger of two stock exchanges operating in two different locations in
Indonesia, the Jakarta Stock Exchange which was located in Jakarta, the capital
city of Indonesia, and the Surabaya Stock Exchange which was located in
Surabaya in East Java.</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">As of December 31, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;">5</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">, the IDX had 521 issuers for
equity and 109 active brokerage houses. In 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;">5</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">, IDX recorded a trading volume of 126</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;"> billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;"> shares. As at December 31, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;">5</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">, the total market capitalization
was valued at Rp4,873 trillion (US$356billion).</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">Trading is divided into three
segments: the regular market, negotiated market and the cash market (except for
rights issues, which can only be traded on the cash market and the negotiated
market</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;"> for
the first session)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">.
The regular market is the mechanism for trading stock in standard lots on a
continuous auction basis during exchange hours. Auctions on the IDX on regular
market and cash market
take place according
to the price and time priorities. Price priority refers to the giving of
priority to buying orders at a higher price or selling orders at a lower price.
If buying or selling orders are placed at the same price, priority is given to
the earlier placed buying or selling order (time priority). Trading on the
negotiated market is conducted through direct negotiation between (i) IDX
members, (ii) clients through one IDX member, (iii) a client and an IDX member,
or (iv) an IDX member and the PT Kliring Penjaminan Efek Indonesia (&#8220;KPEI&#8221;).
KPEI provides clearing and guarantee services of stock exchange transactions
settlement. It also improves efficiency and certainty of transactions
settlement on the IDX.</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">The Decree of the Board of
Directors of the IDX</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;">No.
Kep-00399/BEI/11-2012 provides that, effective January 2, 2013, the</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;"> trading sessions of the IDX is
as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Trading Session</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Market</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Day</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Trading Hours</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Pre-opening</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Regular</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday - Friday</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">08.45.00-08.55.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">1<sup>st</sup></font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Regular</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday-Thursday</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">09.00.00-12.00.00</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Cash</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Friday</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">09.00.00-11.30.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Negotiation</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">2<sup>nd</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Regular</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday-Thursday</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">13.30.00-15.49.59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Friday</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">14.00.00-15.49.59</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Negotiation</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday-Thursday</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">13.30.00-16.15.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Friday</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">14.00.00-16.15.00</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Pre-closing</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Regular</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday-Friday</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">15.50.00-16.00.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Post Trading</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Regular</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Monday-Friday</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">16.05.00-16.15.00</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">The Decree of the Board of Directors of the IDX No. </font><font face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;">Kep-00071/BEI/11-2013, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">effective January 2, 2014,
reduced lot size 500 shares to 100 shares, and changed the tick price</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and maximum share price movement to the following:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td colspan=5 valign=bottom width=52% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Previous</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">New</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Group Price</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Tick Price</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Maximum Share Price Movement</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Group Price</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Tick Price</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Maximum Share Price Movement</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&lt;Rp200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp10</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&lt;Rp500</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp1</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp20</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp200 &#8211; &lt;Rp500</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp50</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp500 &#8211; &lt;Rp2,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp100</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=20% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp500 &#8211; &lt;Rp5,000</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp5</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=17% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp100</font></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp2,000 &#8211; &lt;Rp5,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp25</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp250</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&#8805;Rp5,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp50</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp500</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&#8805;Rp5,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid black 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">Rp500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">Transactions on the IDX regular market must be settled no
later than the third trading day after the transaction. Transactions on the
negotiated market are settled on the basis of the agreement between the selling
exchange members and the buying exchange members, on a transaction by
transaction basis. Transactions on the IDX cash market must be settled on the
day of the transaction and reported to the IDX. If an exchange member defaults
on the settlement of a transaction, the securities can be traded by direct
negotiation on cash and carry terms. Each exchange member is required to pay a
transaction fee as stipulated by the IDX. Any delay in payment of the
transaction fee is subject to a fine of 1.0% of the outstanding amount for each
day of delay. The IDX may impose sanctions on its members for any violation of
exchange rules, which may include fines, written warnings, suspension or
revocation of licenses.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">When conducting share transactions on the IDX, each
exchange member is required to pay a transaction cost for transactions on the
regular market and cash market of 0.03%, guarantee fund of 0.01% of the
transaction value and VAT and other tax obligation. For the negotiated market,
a transaction cost of 0.03% or an amount as stipulated by the IDX is
applicable. A </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">minimum monthly transaction fee of Rp2 million is applied as a
contribution for the provision of exchange facilities and continues in effect
for members who are suspended or whose Exchange Member Approval revoked.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Since the global
financial crisis in the last quarter of 2008 that caused a typical share price
movements, the IDX has applied a policy of auto rejection, a mechanism whereby
share trading can be halted automatically in order to maintain orderly, fair
and efficient trading. Following changes made by the IDX in October 2008 and
January 2009 the auto rejection trigger levels are 35% above or below the
reference price for stocks in the Rp50 to Rp200 price range, 25% for stocks in
the Rp200 to Rp5,000 price range, and 20% for stocks priced more than Rp5,000.
The auto rejection level in the case of an initial public offering is
determined at a level which is twice as high as for normal trading. Auto rejection
also arises when selling offer or buying request volume reaches of over 5
billion shares or 5% of total shares listed, whichever is smaller.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">ADS Trading On The NYSE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:.15pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">Bank of New York Mellon Corporation (previously
&#8220;The Bank of New York&#8221;) serves as the &#8220;Depositary&#8221; for our ADSs which are
traded on the NYSE. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">Investors pay a depositary fee directly or through
a broker acting on their behalf for the delivery or surrender of ADSs for the
purpose of withdrawal. The Depositary also collects fees for making
distributions to investors by deducting the fee from the amount distributed or
by selling a portion of the distributable property to pay the fee. The
Depositary may collect its annual fee for depositary services by making a
deduction from the cash distributions or by directly billing investors or by
charging the book-entry system accounts of the parties acting on their behalf.
The Depositary may refuse to provide fee-generating services until its bills
for such services are paid.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">Costs Related to ADS Issue and
Handling</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Shareholders depositing or withdrawing ordinary shares
  or ADS must pay:</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">For:</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">US$5 (or less) per 100 ADS (or part of 100 ADS).</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Issuance of ADS, including issuance resulting from a distribution of
  shares or rights or other property.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Cancellation of ADS for the purpose of withdrawal, including in case
  of termination of the deposit agreement.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">US$0.02 (or less) per ADS.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Any cash payment to registered ADS shareholders.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Up to US$0.05 per ADS.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Receiving or distributing dividend.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">A fee equivalent to the fee payable if the securities distributed to
  shareholders had been shares and those shares had been deposited for the
  issuance of ADS.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Delivery of securities by the Depositary to registered ADS
  shareholders.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">US$0.02 (or less) per ADS per calendar year.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Depositary services.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Shareholders depositing or withdrawing ordinary shares
  or ADS must pay:</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">For:</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Registration or transfer fees.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Transfer or registration of shares on the share register to or from
  the name of the Depositary or its agent when shareholders deposit or withdraw
  ordinary shares.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Depositary Fees.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Telegram, telex and fax transmissions (if provided for in the deposit
  agreement).</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Converting foreign currency to US Dollar.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Taxes and other duties levied by the government, the Depositary or the
  custodian upon payment of the ADS or other shares underlying the ADS, such as
  share transfer tax, stamp duty or income tax.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">As necessary.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">Any costs incurred by the Depositary or its agent for servicing the
  securities deposited.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">As necessary.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">The Depositary has agreed to reimburse us up to
US$400,000 per year until 2015 for certain expenses we incur in relation to the
administration and maintenance of the ADS facility, including, but not limited
to, direct or indirect investor relations expenses and other ADS
program-related expenses. The reimbursement will be evaluated and adjusted if
the number of ADSs outstanding falls below a stipulated minimum or if they are
delisted from the NYSE. We expect to renegotiate the reimbursement amount for
subsequent years after 2015. In 2015, we received US</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">$600,000 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">in reimbursements from the
Depositary.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=ATI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ADDRESS OF TELKOM INDONESIA</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Company</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Address</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telephone</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Facsimile</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Corporate
  Office</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4521108</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4240313</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Corporate Secretary</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Graha Merah Putih, 1<sup>st </sup>Floor</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Jend. Gatot Subroto Kav. 52 Jakarta
  12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">021-52922007</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">021-5203322</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Internal
  Auditor </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 5<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4525227</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-7206870</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Sekretariat of
  President Director </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup> st </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 114/112</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5202702</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Human Capital Management</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 106</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5209632</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Consumer Service </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 108</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5209637</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Directorate of Wholesale &amp;
  International Business Service </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 117</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5205072</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Innovations &amp; Strategic Portfolio </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 104</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52963102</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Network IT &amp; Solution</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 121</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5209835</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Enterprise &amp; Business Service </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 102</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5213834</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Director of
  Finance </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 1<sup>st</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52922007</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">ext. 110/118</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5220900</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Finance &amp;
  Billing Collection Center</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 3<sup>rd</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4523371</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4523377</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Human Capital
  Business Partner Center</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 5<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4525121</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-7206986</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom
  Corporate University Center</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Gegerkalong
  Hilir No. 47</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Bandung 40152</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2014343</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2014429</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2013238</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Supply Center</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 6<sup>th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4526170</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4526327</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-7206583</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4526431</font></p>
  </td>
 <td>&nbsp;</td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Digital Service
  Division</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Gegerkalong
  Hilir No. 47</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Bandung 40152</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4574784</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2014669</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2013505</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2014669</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Community
  Development Center (CDC)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 8<sup> th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Japati 1<sup>st</sup>
  Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4528219</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4528206</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Assessment
  Center Indonesia</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Kapten
  Tendean No. 1 Bandung 40141</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2035269 </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2035287 </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2035259</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-2034201</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Information System Center (ISC)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Graha Merah Putih, 4<sup>th</sup> Floor</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Japati 1<sup>st</sup> Bandung 40133</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">022-4524228</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">022-7201890</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">20</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Enterprise
  Service Division</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Gedung Menara
  Multimedia 19<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Kebon Sirih
  No. 12 Central Jakarta 10110</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-23515000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Business
  Service Division</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. S. Parman
  Kav. 8 West Jakarta 11440</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5656500</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5651700</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5652600</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5656000</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Government Service Division</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Gedung Menara Multimedia 7<sup>th</sup>
  Floor</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Kebon Sirih No. 12 Jakarta Pusat
  10110</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">021-25555500</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Company</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Address</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telephone</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Facsimile</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Wholesale
  Service Division</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 8<sup> th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52917007</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52892080</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Planning &amp;
  Deployment Division</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 7<sup> th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52903482</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5221300</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Service &amp;
  Solution Division</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Kebon Sirih No. 36 Central Jakarta 10110</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-3447070</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-3440707</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Operation
  Service Division</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 9<sup> th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5221500</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5221400</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5229600</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">27</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Regional I
  Division of Sumatera </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Prof HM Yamin SH No. 2, Medan 20111</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">061-4151747</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">061-4150747</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">28</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Western North Sumatera </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Prof HM
  Yamin SH Medan 20111</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">061-4530011</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">29</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Bangka Belitung</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Rustam
  Effendi No. 03, Pangkalpinang 33128</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0717-421861</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Riau Islands</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Jaksa Agung R Suprapto, Sekupang, Batam</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0778-322000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0778-322720</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">31</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Lampung</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Majapahit
  No. 14, Lampung 35118</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0721-266525</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0721-263699</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Eastern North Sumatera </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Asahan Jl. Km.
  4.5, Pematangsiantar</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0622-7550300</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0622-7554082</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">33</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  South Sumatera</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend.
  Sudirman No. 459 Km. 3,5 Palembang 30129</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0711-360360</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0711-310444</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">34</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Sumatera </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. KH Ahmad
  Dahlan No. 17, Padang 25138</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0751-7050000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0751-7050001</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">35</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Riau Land</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend.
  Sudirman 199, Pekanbaru 28111</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0761-31000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0761-40404</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">36</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Nanggroe Aceh Darussalam</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. S. A
  Mahmudsyah No.10, Banda Aceh</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0651-32500</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0651-21818</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">37</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Jambi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Sumantri Brojonegoro No. 54, Jambi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0741-60000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0741-64000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">38</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Bengkulu</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Soeprapto
  No. 132, Bengkulu 38221</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0736-28000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0736-20000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">39</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;"> Regional
  Division II Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Merah
  Putih, 10<sup> th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5215100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5202733</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Banten (Serang)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Raya Jakarta Km. 9,5 Ciruas Serang</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0254-282001</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">41</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  East Banten (Tangerang)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Graha Telkom
  BSD</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Pahlawan
  Seribu, Serpong, Tangerang</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5380000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5371500</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">42</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. S Parman
  Kav. 8 West Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-56969100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5655100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">43</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Kebon Sirih No. 36 Jakarta Pusat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-3447070</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">44</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  South Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl.
  Sisingamangaraja Kav 4 - 6 Kebayoran Baru South Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7257171</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7228400</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">45</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  North Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. Yos
  Sudarso Kav. 23 - 24 North Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-4366000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-43921550</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">46</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  East Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. DI
  Panjaitan Kav. 42 North Jakarta 13350</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8560000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8560196</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">47</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Java of Northern </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Rawa
  Tembaga No. 4 Bekasi 17141</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8890000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8894100</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">48</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Western West Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Padjadjaran
  No. 37 Bogor</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0251-8301107</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0251-8329999</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">49</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Regional
  Division III West Java </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. WR.
  Supratman No. 66A Bandung</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4532225</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4532134</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">50</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Northern West Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Tuparev No.
  24 Karawang</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0267-404444</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0267-410002</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Southern West Java </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Mesjid No.
  17 Sukabumi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0266-212710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0266-225765</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">52</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central West Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Lembong
  No.11 Bandung</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">022-4540362</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">53</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Eastern West Java </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Papagongan
  No. 11 Cirebon</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0231-255001</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0231-201800</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">54</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Java of Eastern South </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Merdeka No.
  23 Tasikmalaya</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0265-322400</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Regional Division IV Central Java
  &amp; DI Yogyakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Pahlawan
  No. 10, Semarang</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">024-8303306</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">56</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Java of Western North </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Merak No.
  2, Pekalongan</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0285-421000</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0285-459118</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0285-424355</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Company</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Address</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telephone</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Facsimile</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">57</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Java of Wester South </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Merdeka No.
  26, Purwokerto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0281-645122</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0281-645201</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">58</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Northern Central Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Pahlawan
  No. 10, Semarang</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">024-8303627</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">024-8303628</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">59</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Java of Eastern North </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend.
  Sudirman No. 66 - 68 Kudus</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0291-4250293</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Southern Central Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. Yos
  Sudarso No. 2, Magelang</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0293-364755</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0293-362757</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">61</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Yogyakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. Yos
  Sudarso No. 9, Yogyakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0274- 577200</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0274-577227</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">62</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Java of Eastern South </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Mayor Kusmanto No. 1, Solo 57113</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0271-634400</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0271-678253</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">63</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Regional
  Division V East Java </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Ketintang
  No. 156 Surabaya 60231</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8297100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8286080</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">64</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central West Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Hayam
  Wuruk Jl. No. 45 - 47 Kediri 64122</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0354-680942</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">65</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Western East Java</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. D.I
  Panjaitan No. 19 Madiun </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0351-493900</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0351-494104</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">66</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Southern East Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. A
  Yani No. 11 Malang 65125</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0341-489100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0341-499111</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">67</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Northern East Java</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Wachid
  Hasyim No. 11 Gresik 61444</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-3977000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-3971000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">68</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  East Java Suramadu</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Ketintang
  No. 156 Surabaya 60231</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8298837</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8299350</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">69</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  East Java of Central East </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Sultan Agung No. 48 Sidoarjo 61211</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8941000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">031-8962500</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">70</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Eastern East Java </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Gajah Mada No. 182-184 Jember</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0331&#8211;353200 </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0331-483321</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">71</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  East Java of Southern East </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Alun-Alun No. 1 Pasuruan</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0343-432100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">72</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area South Bali</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">Jl. Raya Puputan Renon No. 33 Denpasar
  </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0361-222021</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0361-262111</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">73</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area North Bali</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">Jl. Letkol Wisnu No. 2 Singaraja</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0362-231187</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0362-231187</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">74</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area West Nusa Tenggara</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Pendidikan No. 23 Mataram </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0370-632000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0370-632000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">75</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area East Nusa Tenggara</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. WJ. Lalamentik No. 93 Kupang 85111 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0380-840000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0380-840000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">76</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Regional
  Division VI Borneo</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. MT.
  Haryono No. 169 Balikpapan 76114</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0542-872104</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0542-873340</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">77</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central East Borneo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Awang long
  No. 54 Samarinda 75121</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0541-732000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0541-762010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">78</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Northern East Borneo</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Simpang
  Tiga, Tarakan 77111</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0551-21000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">79</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Southern East Borneo </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  MT.Haryono No. 169 Balikpapan 76114</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0542-873500</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0542-873030</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">80</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Borneo</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Teuku Umar No. 2 Pontianak 78117</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0561-734055</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0561-78000</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">81</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Borneo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  A.Yani No. 45 Palangkaraya 73111</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0536-3221116</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0536-3224321</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">82</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Regional
  Division VII Eastern Indonesia Area</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. AP. Pettarani
  No. 2 Makassar 90221</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0411-867777</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0411-881651</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">83</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  South Sulawesi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. AP.
  Pettarani No. 2 Makassar 90221</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0411-880000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0411-888804</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">84</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Western South Sulawesi </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Andi Isa No. 7 Pare-Pare </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0421-24044</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0421-24697</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">85</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Central Sulawesi</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. Ir.
  Juanda No. 25 Palu 94125</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0451-421759</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0451-421759</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">86</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Southeast Sulawesi</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. A.
  Yani No. 8 Kendari 93117 </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0401-3912100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0401-3912100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">87</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  North Sulawesi &amp; North Maluku</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. WR.
  Supratman No. 5 Manado 95112 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0431-853000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0431-853000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Maluku</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl. JB.
  Sintala No. 9 Ambon 97115 </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0911-349100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0911-349100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">89</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  West Papua</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  A.Yani No. 16, Sorong</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0951-3102009</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0951-3102009</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">90</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom Area
  Papua</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Kayu Batu Base 6 Jayapura</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0967-541499</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">0967-541499</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">91</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Telekomunikasi Selular (Telkomsel)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">www.telkomsel.com</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Komplek Telkom
  Landmark Tower</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkomsel Smart
  Office (TSO)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto Kav. 52 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">021-5240811</font></p>
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">021-52906090</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52906123</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">92</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT Telekomunikasi Indonesia
  Internasional (Telin)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">www.telin.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Menara
  Jamsostek North Tower 24<sup>th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Jend. Gatot
  Subroto No. 38 Jakarta 12710</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-29952330</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-2962358</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52962358</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">93</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Infrastuktur Telekomunikasi
  Indonesia (Telkom Infra)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.
  telkominfra.com</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Mugi Griya
  Building 5<sup>th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. MT Haryono
  Kav 10 Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-83708471</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">94</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Multimedia Nusantara (Metra)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">www.metra.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Gedung EAST 37<sup>th
  </sup>Floor </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Dr. Ida
  Anak Agung Gede Agung Kav. E.3.2. No. 1 Kuningan Timur Setiabudi South Jakarta
  12950</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-521013</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5210124</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p></td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Company</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Address</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telephone</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Facsimile</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">95</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Dayamitra Telekomunikasi (Mitratel)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">www.mitratel.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Gedung Graha
  Pratama 5<sup>th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. MT Haryono
  kav. 15 Jakarta 12810</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-83709593</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-83709591</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">96</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Infomedia
  Nusantara</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Fatmawati
  No. 77 - 81 South Jakarta 12510</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7201221</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-720126</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7258116</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">97</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Metra Digital Media (MD Media)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.mdmedia.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. Fatmawati
  77-81, South Jakarta 12510</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7997488</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7997469</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7258116</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">98</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Sigma Cipta Caraka (</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">S</font><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">igma) &nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkomsigma.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Menara DEA 8<sup>th</sup>
  Floor, Mega Kuningan District, Mega Kuningan Barat IX Jl. Kav. E.4.3 South
  Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5762150</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5762155</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=ES style="font-size:9.0pt;line-height:normal;">PT Metra-Net (Plasa MSN)</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">www.plasamsn.com</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Mulia Business
  Park Building J</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. MT Haryono
  Kav 58 - 60 Pancoran Jakarta 12780</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187250</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187252</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Administrasi
  Medika (AdMedika)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.admedika.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">STO
  Gambir Gedung C</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Jl.
  Medan Merdeka Selatan No.12 Central Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">021-34831100</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">021-34830101</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">101</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT PINS
  Indonesia (PINS)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.pins.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Plasa Kuningan,
  Gd. Anex 7<sup>th</sup> Floor Kav.C 11 - 14</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl. HR Rasuna
  Said </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">South </font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jakarta 12940, Mulia Business Park
  Building J, MT Haryono Kav 56 - 60, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">South </font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jakarta
  12780,</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187250,</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5202560</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187252,</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-52920156</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">102</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Finnet
  Indonesia (Finnet)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.finnet-indonesia.com</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Menara Bidakara
  2<sup>th </sup>Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jend. </font><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Gatot Subroto Kav. 71 - Jl.
  73 Pancoran Jakarta 12780</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8299999</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8281999</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">103</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Melon
  Indonesia (MelOn)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.melon.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Gd. PT Telkom 7<sup>th</sup>
  Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Jl.
  Sisingamangaraja Kav. 4 &#8211; 6, South Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7244956</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-7244390</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">104</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Metraplasa
  (Metra Plasa)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Mulia
  Business Park Building J</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  MT Haryono Kav 56 - 60, </font><font color=windowtext face="times new roman" lang=IN style="font-size:9.0pt;line-height:normal;">South </font><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jakarta
  12780</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187250</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-79187252</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">105</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Integrasi Logistik Cipta Solusi (ILCS)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.ilcs.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Plasa
  Telkom 4<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  Yos Sudarso No. 23-24, Tanjung Priok, Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-43932555</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-43926555</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">106</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Metrasat</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Email:
  sales@metrasat.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Marketing
  Office :</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">The
  East Tower 33<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  Dr. Ida Anak Agung Gede Kav. E.3.2. No. 1 East Kuningan, Setiabudi, South
  Jakarta 12950</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5210123</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5210124</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">107</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Pojok Celebes Mandiri (Pointer)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">www.pointer.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  Condet Raya No. 333/J, Balekambang, Kramat Jati, Jakarta 13530</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-29373372</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-80876387</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">108</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Teltranet Aplikasi Solusi (Telkomtelstra)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkomtelstra.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Prudential
  Centre Level 22, Kota Kasablanka Mall</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">Jl.
  Casablanca Raya Kav. 88 South Jakarta 12950</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=ES style="font-size:9.0pt;line-height:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">109</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Metra Digital Investama (MDI)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">The
  East Tower 33<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  Dr. Ida Anak Agung Gede Kav.E.3.2. No. 1 East Kuningan, Setiabudi, South
  Jakarta 12950</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5210123</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-5210124</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">110</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Indonusa
  Telemedia (Transvision)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.transvision.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Jl.
  Kapten Tendean No. 88 C, West Kuningan, Mampang, South Jakarta</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Call Center</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">1500060</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">111</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Patra Telekomunikasi Indonesia (Patrakom)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.patrakom.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">Pringgodani
  II No. 33, Alternative Cibubur, Depok 16954</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-8454040</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">112</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">PT
  Graha Sarana Duta (Telkom Property)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkomproperty.co.id</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Kebon
  Sirih Jl. No. 10 &#8211; 12, Central Jakarta 10110</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-3800900</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-34830653</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-3800686</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-500473</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-34835489</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">113</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">PT Telkom Akses
  (PTTA)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkomakses.co.id</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">S Parman Jl.
  Kav. 8, West Jakarta 11440</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-29337000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">021-29336000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">TELKOM
OVERSEAS ADDRESS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Nama Kantor</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Alamat</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No. Telp</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">No. Fax</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin
  Singapore</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telin.sg</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">1Maritime
  Square, #09-63 Harbour Front Center, Singapore -099253</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+65 6278
  81819</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+65 6273
  1169</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin Hong
  Kong</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telin.hk</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Suite 905,
  9/F, Ocean Centre, 5 Canton Road Tsim Sha Tsui, Kowloon, Hong Kong</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+852 3102
  3309</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+852 3102
  3306</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin
  Timor-Leste </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkomcel.tl</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Timor
  Plaza Lantai 4, Rua Presidente Nicolao Lobato, Comoro, Dili</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+670
  737373</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+670
  747474</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom
  Australia</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkom.com.au</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Level 19
  Suite 1930, 180 Lonsdale St, Melbourne VIC 3000, Australia</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">1300
  TELKOM (835566)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin
  Malaysia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Suite 23
  A-1, 23 A Floor, Wisma UOA II, Number 21, Pinang Street, 50450 Kuala Lumpur,
  Malaysia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+60 3233
  20680</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+60 3216
  12276</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom
  Macau</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">Avenida
  Comercial de Macau, Finance &amp; IT Centre Macau, 5 Andar A, Suite 31, Macau</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=ES style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+853
  82964858</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom
  Taiwan</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">7F-1</font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">No. 77</font><font color=windowtext face="Times New Roman" style="font-size:9.0pt;"> Zhouzi St, Neihu District, Taipei City, Taiwan 114</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+886 2
  87525071</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telkom USA</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">www.telkom-usa.net</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">The Bloc
  Executive Suites 700 S. Flower Street, 11th floor, Office no: 36, 37A-B,</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Los
  Angeles, CA 90017</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+1 213 232
  1126</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin
  Branch Office in Myanmar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">#411,412,415,
  Level-4, Strand Square 53 Strand Road, Pabedan Township, Yangon, The Republic
  of the Union of Myanmar.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">+95 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">9 420238594</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">+95
  9 972460406</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Telin
  Kingdom Saudi Arabia</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">Grapari
  Makkah: Abraj Al-Bait, Lt P3 (Food Court area)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">+966
  </font><font color=windowtext face="Times New Roman" lang=IT style="font-size:9.0pt;">59 8881945 (Riyadh)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">+966
  </font><font color=windowtext face="Times New Roman" lang=IT style="font-size:9.0pt;">58 1781945 (Jeddah)</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.3pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.3pt;">MANAGEMENT
DISCUSSION AND ANALYSIS OF TELKOM INDONESIA PERFORMANCE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Maintaining
favorable profitability level</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following
management&#8217;s discussion and analysis on the performance of this company is
based on Consolidated Financial Statements for the years ended on December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2013, 2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, and</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
which is also attached in this Annual Report. The presentation of Consolidated
Financial Statements complies with FAS applied in Indonesia, which in several
terms differ with IFRS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our principal
business is providing provaiding telecomunication and informatics network and
service and optimization of Company's resources. Through our 65%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ownership&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkomsel,
we become the biggest mobile cellular service provider. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, our
consolidated revenues increased by 14.2% to Rp102,470 billion. Meanwhile our
EBITDA and net income increase by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">12.6% </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 7.0%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, respectively. We successfully maintaining
favorable profitability level with EBITDA margin by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">50.2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">% and
net profit margin recorded at </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">15.7</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> we
had </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">152.6 million </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">cellular phone subscribers through Telkomsel,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 10.3 million </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">subscribers on fixed </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">line&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> networks</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.
Our broadband subscribers consisted of 43.8 million Telkomsel Flash users and
4.0 million fixed broadband subsribers. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We
also provide wide range of communication services, including multimedia, data
and internet communication-related services, satellite transponder leasing,
leased line, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">interconnection</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, cable television and VoIP services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, as well as multimedia business such as
contents and applications</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The growth of
Indonesian economy in 2014, measured by Gross Domestic Product (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GDP</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) at
current prices, grew by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.8</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%, with be supported by strong domestic consumption.
The rupiah against the US dollar exchange rate determined based upon by Bank
Indonesia exchange rate reached </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">13,795 or depreciated </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10.9</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% at the
close of December 31, 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Such global economic
condition provided less significant impact to our business thus the foreign
exchange rate encouraged certain risks on sales, purchase and financing transaction
primarily denominated in foreign currencies.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our revenues over </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2013&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
period reflected a progressive growth in revenues. The growth was driven by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increasing&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
in revenues from data, internet and information technology service by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">26.5% (CAGR of 3 years). This growth was
primarily driven by increasing of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">data
usage and mobile broadband subscriptions</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. Moreover, revenues growth was also driven by increasing in legacy </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">cellular&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
revenue both voice and SMS</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Throughout</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2013 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
there had been an increase in costs, especially operational and maintenance
costs and depreciation costs, along with infrastructure development to improve
the necessary network capacity to support our services to customers, especially
internet and data services, for fixed line or cellular customers. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ECINOV></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ECONOMIC
AND INDUSTRY OVERVIEW</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MACRO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">THE
GLOBAL MACRO ECONOMY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The global economic
growth in 2015 was at 3</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> relatively stable compared to 2014.<sup>1</sup> The
global economic situation that in general is still weak, is among others
triggered by the falling of oil prices and other commodities, China&#8217;s economic
slowdown and the weak economic growth of other key countries such as the United
States, several Eurozone countries and Japan</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2016, the global
economy is predicted to remain filled with challenges, considering that the
global prices of commodities and oil will continue to suppress the economic
growth of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">the economic of some </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">countries&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
of Latin America, Middle East, Russia and some Asian countries</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Meanwhile, in the financial sector, the interest
rate of United States Federal Funds Rate (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FFR</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) would affect
the dynamics of global economy, due to rate changes of FFR generally responded
by economic policies of various countries, potentially </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">creating&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
volatility in the financial markets</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Nevertheless, the 2016 global economy is
predicted to continue to grow 3</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6%, better in comparison to 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IMECO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">THE Indonesian Macro Economy</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
Indonesia&#8217;s economy grew at a relatively good rate, although still a little
under its original target at </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4,8%.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Several factors, external or internal, caused the
slowdown of economic growth. The external factors that influenced this slowdown
were the global economic slowdown in general, including in China, who is
Indonesia&#8217;s main trade partner, and falling commodity prices that affected
Indonesia&#8217;s economy, especially in the regions outside of the Island of Jave.
Meanwhile, the most important internal factors was the public&#8217;s decreasing
purchasing power, among others due to the elimination of fuel subsidies by the
end of</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> The public&#8217;s purchasing power is the key to economic
growth, considering that more than half of Indonesia&#8217;s gross domestic product
comes from household consumption or expenditures.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To push for economic
growth, the Government of Indonesia has delivered various economic stimuli
through economic policy packages, among others a policy to simplify the
business licensing process, efforts to increase manufacture exports and tax
incentive schemes. In addition, a healthier posture of the State&#8217;s Revenue and
Expenditure Budget (APBN), after the elimination of fossil fuel subsidies, is
expected to stimulate long-term economic growth through the improvement of
infrastructure development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
inflation rate in Indonesia in 2015 is under control, about 3,4% and in 2016,
the Central Bank of Indonesia (BI) is targeting an inflation rate of 4%, plus
minus 1%. Meanwhile, the reference interest rate from the Central Bank (BI
Rate) is relatively stable in 2015 with a tendency of declining. By the end of
the year, the BI Rate reached 7,5%, 25 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">B</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ps lower than January 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Meanwhile,
throughout the year, Rupiah&#8217;s exchange rate against the US$ (according to the
exchange rate average of the Central Bank of Indonesia) has declined or
depreciated 10,6% to Rp13,795/US$ by the end of 2015. In the last several
years, the Rupiah tended to depreciate, whereby in early 2013 the rate was
Rp9,733/US$, and by the end of 2013 it became Rp12,250/US$; then by the end of
2014 the rate was Rp12,502/US$. Other countries in the region also experienced
the depreciation of their exchange rate, which indicates that the global
economic situation has a significant influence to the Rupiah&#8217;s exchange rate.
However, there were several internal factors that caused the steep depreciation
of the Rupiah, such as the trade balance deficit in several months in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">However</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> in general</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">, Indonesia's economic growth is still better than the
average growth of the global economy and the countries of the ASEAN</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
The dynamics and fluctuation of the global economy has the potential to
continue in 2016, so Indonesia still needs to remain alert of some risks that
might arise. As a country with one of the largest population, Indonesia has the
benefit of a huge domestic market, good demographic structure with a high
increasing workforce and middle class for several years to come. This can
become a positive momentum to create economic growth by maximizing any existing
opportunities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

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</p><div align=left><table cellpadding=0 cellspacing=0 border=0>
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<font lang=EN-US style="font-size:10.0pt;">&nbsp;

</font><font lang=EN-US><br clear=ALL>

</font><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font face="times new roman" lang=X-NONE style="font-size:9.0pt;">1 </font></sup><font face="times new roman" lang=X-NONE style="font-size:9.0pt;">Goldman
Sachs International Research</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TIDI></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TELECOMMUNICATION</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">S&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
INDUSTR</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Y DEVELOPMENT </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IN INDONESIA</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
the middle of a domestic economic slowdown, the telecommunications industry
recorded an excellent growth of 9% in 2015, nearly double the growth rate of
the GDP. This demonstrates that the need for telecommunication and access to
information are increasing and have even become part of the basic needs of
Indonesian society, that people are still buying telecommunication services
despite the decrease of purchasing power due to several factors, including the
elimination of fuel subsidies by the end of 2014 and poor commodity prices.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
penetration of SIM cards in the cellular industry in Indonesia is quite high, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">at well over 100</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">%, making </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">continued </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">growth in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">penetration&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> increasingly limited. The mobile industry is
currently dominated by three major players who hold approximately 90% of the
market share. Telkomsel leads over Indosat and XL Axiata, both in terms of
operational and financial parameters. Telkomsel&#8217;a leading position is expected
to last in the upcoming years given Telkomsel&#8217;s better ability to invest in
infrastructure development to improve service quality and network expansion.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
shifting trend from legacy services (voice and SMS) to data services is still
rapidly advancing, driven by cheaper prices of smartphones as well as the
rapidly growing youth segment. Data traffic has grown very rapidly, while SMS
service traffic has decreased. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We
expected that</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> this trend will continue,
given that the smartphone penetration in Indonesia is still relatively low with relatively
low data consumption by smartphone users, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> the growth
of the telecommunications industry will be driven by the growth of data
services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">One
of the main challenges faced by the industry is the increasing use of over the
top (&quot;OTT&quot;) services that has become a substitute for voice and SMS
services, in line with the growing number of smartphone users. This has
happened not only in Indonesia, but also in developed countries where smartphone
penetration is high. Therefore, telecommunication operators must have an
appropriate business model</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, which
may include </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">collaboration with OTT
players</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> in order to properly manage the impact.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">For
the fixed network segment (fixed line), fixed broadband services </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">have been </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">on
the rise throughout 2015, especially in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the large</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> cities, marked by the
emergence of several new players. The Indonesian public has begun to realize
the importance of high-quality internet connectivity to houses. Currently, the
penetration of fixed broadband services in Indonesia is still very low and
relatively lower than in some neighboring countries such as Singapore and
Malaysia. Therefore, we </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">expect&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> that the fixed broadband segment will experience
rapid growth in the future, in line with the growth of the middle class in
Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
recent years, data consumption in the mobile segment </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">has </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increased
several-fold, and it is expected that the consumption level per user will
continue to grow rapidly from the current average data consumption per user.
The growth of data consumption needs large capital expenditure in order to
increase capacity and coverage. Nevertheless, some operators have financial
limitations to establish networks due to low levels of profitability. The level
of ARPU in Indonesia is also relatively low compared to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> global </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">or&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Asia
Pacific</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> average</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
increasing penetration of smartphones and data consumption has fueled the
growth of digital content and applications. With better mobile data
connectivity, people have began consuming a variety of digital content and
application services beyond social media, such as e-Commerce, digital payment</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
digital advertising, and it </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">has </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">also </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">led&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> to a variety of innovative applications such as Gojek
services. This trend is expected to continue and content consumption </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">is also expected to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> lead to game and video streaming consumption.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">For the fixed broadband segment, Telkom and First Media (LinkNet)
control around 95% market share of fixed broadband. In other business segments,
Telkom has been dominating connectivity services for corporations and small and
medium enterprises (SMEs), wholesale line rental and leasing of satellite
transponders. In the field of Information and Communication Technology (ICT),
Telkom through Sigma has a market share which is around 5% for IT services and
10% for data center. Within the telecommunication tower business, Telkom Group
has more than 24,000 towers, which around 6,800 towers operated by Mitratel and
around 17,800 towers operated by Telkomsel has nmore than 17,000 towers, larger
than the number of towers that are owned by PT Tower Bersama Infrastructure
Tbk, PT Sarana Menara Nusantara (Protelindo) and PT Solusi Tunas Pratama.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">The government has completed the drafting of the Indonesia Broadband Plan 2014-2019, which was enacted through Presidential Decree Number 96 of 2014. In the Indonesia Broadband Plan 2014-2019, broadband is defined as internet access with guaranteed nonstop connectivity, guaranteed durability and information safety as well as triple-play capability with a minimum speed of 2 Mbps for fixed access and 1 Mbps for mobile access.</font></p><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=MS style="font-size:10.0pt;">In the next five years (2019), the development of national broadband is expected to provide fixed access in urban areas to 71% of households (20 Mbps) and 30% of the population, as well as mobile access to the entire population (1 Mbps). </font><font face="times new roman" lang=IN style="font-size:10.0pt;">For&nbsp;</font><font face="times new roman" lang=MS style="font-size:10.0pt;"> rural areas, access to fixed broadband infrastructure is expected to reach 49% of households (10 Mbps) and 6% of the population, as well as mobile access to 52% of the population (1 Mbps).</font></p><p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>



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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COMPET></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">COMPETITION</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Measures
following the Telecommunications Law&#8217;s adoption in 2001 moved the Indonesian
telecommunications sector from a duopoly between Indosat and us to one with
multiple competing providers. See &#8220;Others &#8211; Legal Basis and Regulation &#8211;
Introduction of Competition in the Indonesian Telecommunications Industry&#8221;.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Competition
Law</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">The indoneisan telecommunications sector is regulated by Law
No.36/1999 (the &quot;Telecommunications Law&quot;), which became effective on
September 8</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;"> 2000. The Telecommunications Law
sets guidelines for industry reforms, including industry liberalization, to
facilitate new entrants as well as to increase transparency and competition.
The Telecommunications Law abolished the concept of &quot;organizing
entities&quot; in the industry, which terminated the special status of Telkom
and Indosat as the organizing body who is responsible for coordinating
telecommunication services domestically and internationally. In order to increase
competition, the Telecommunications Law prohibits monopolistic practices and
unfair competition among fellow telecommunication operators.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">The Telecommunications Law is implemented through a variety
of Government Regulations and Ministerial Regulations, including Government
Regulation No.52/2000 on Telecommunications, Decree of the Minister of
Communication and Informatics No.1/PER/M.KOMINFO/01/2010 dated January 25</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">2010 on Provision of
Telecommunication Networks, Decree of the Minister of Transport No.33/2004 on
the Monitoring of Fair Competition of the Fixed Network and Basic Telephone
Service Operations and Decree of the Minister of Transportation No.KM.4/2001
dated&#160; January 16</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">2001 on the National Basic
Technical Plan 2000 for the National Telecommunications Development
(&quot;National Technical Telecommunications Plan&quot;). The National
Technical Telecommunications Plan has been amended several times, most recently
is the Decree of the Minister of Communication and Informatics No.09/PER/M.KOMINFO/06/2010
dated&#160; June 9</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">2010. Along with the
Telecommunications Law, National Technical Telecommunications Plan determines
the basic vision for the development of Indonesia&#8217;s telecommunications
regulator.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;">The government is currently encouraging healthy competition and
transparency in the telecommunications sector, even though the government does
not prevent operators from obtaining and increasing its dominance in the market
through specific regulations. Nevertheless, the government prohibits market
leading operators from abusing its dominant position.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Competition
in the telecommunications sector, like all Indonesian business sectors, is also
governed more generally by Law No.5/1999 dated March 5, 1999 regarding
Prohibition of Monopolistic Practice and Unfair Business Competition
(&#8220;Competition Law&#8221;). The Competition Law bans agreements and activities tending
toward unfair business competition, as well as the abuse of a dominant market
position. Pursuant to the Competition Law, the Commission for the Supervision of
Business Competition (&#8220;KPPU&#8221;) has been established as Indonesia&#8217;s antitrust
regulator with the authority to enforce the provisions of the Competition Law. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
Competition Law is implemented by various regulations, including Government
Regulation No.57/2010 dated July 20, 2010 regarding Mergers and Acquisitions
Potentially Causing Monopolistic Practices or Unfair Business Practices.
Government Regulation No.57/2010 permits voluntary consultation with the KPPU
prior to a merger or acquisition, which will result in the KPPU issuing a
non-binding opinion. Government Regulation No.57/2010 also requires that a
mandatory report be made to the KPPU after a merger or acquisition is completed
if the transaction exceeds certain asset or sales value thresholds.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed
Services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our
exclusive right to provide domestic fixed line telecommunications services in
Indonesia ended following the Telecommunications Law&#8217;s implementation in 2000.
At that time, the MoC issued licenses to Indosat for domestic fixed line
services in August 2002 and for DLD telephone services in May 2004. We entered
into an interconnection agreement with Indosat dated September 23, 2005 to
allow interconnection between our local fixed line services in Jakarta,
Surabaya, Batam, Medan, Balikpapan, Denpasar and certain other areas. By 2006,
Indosat was able to provide nationwide DLD services through its CDMA-based
fixed wireless network, its fixed line network and the interconnection
arrangement with us. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
also compete against other major fixed broadband service providers
such as PT First Media Tbk and PT Supra Primatama Nusantara (BizNet Networks)
as well as new provider</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, PT Media Nusantara Citra and My republic.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cellular</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We operate our cellular service business through our
65% majority-owned subsidiary, Telkomsel. By subscriber numbers, Indonesia&#8217;s
cellular market is dominated by Telkomsel, Indosat, Hutchison and XL Axiata,
which collectively accounted for approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">97</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">% of the
full-mobility cellular market of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. Other
providers include Smartfren Telecom and Bakrie Telecom. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">There were approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">340&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">million </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">mobile&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> cellular subscribers in Indonesia as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">6.3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase from
approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">320&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">million
as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2014. </font><font face="Times New Roman" lang=MS style="font-size:10.0pt;">The relatively high penetration of the mobile
market make continued growth in penetration increasingly limited, with the
number of SIM card, user reaching saturation level.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
Telkomsel remained the largest national licensed provider of cellular services
in Indonesia, with approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">152.6&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.15pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million cellular subscribers and a market share of approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">47</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:normal;">% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of the cellular
market</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">based on the estimated number of
subscribers. The next largest providers were Indosat, Hutchison and XL </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">xiata,
which have a market share of approximately </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">21</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:normal;">%, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:-.15pt;line-height:normal;">16</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:normal;">% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">13</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% respectively, based on the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">estimated&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> number
of subscribers as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. In addition to the nationwide GSM operators, a number
of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">smaller&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> regional GSM, analog and CDMA fixed wireless
providers operate in Indonesia</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">International Direct Dialing (IDD)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We compete in traditional IDD services (non-VoIP) in
Indonesia primarily with Indosat, as well as Bakrie Telecom. However, in line
with development of digital technology, our IDD also faces competition with
VoIP and other internet-based voice services like Skype and Google Talk.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Voice
over Internet Protocol (VoIP)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
formally launched our voice service through VoIP technology in September 2002.
VoIP uses data communications to transfer voice traffic over the internet,
which usually provides substantial cost savings to subscribers. A number of
other companies, including XL Axiata, Indosat, Atlasat Solusindo Pte</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Ltd.,
PT Gaharu Sejahtera, PT Satria Widya Prima, PT Primedia Armoekadata Internet
and PT Jasnita Telekomindo also provide licensed VoIP services in Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
currently offer our primary VoIP service &#8220;Telkom Global-01017&#8221; and the
lower-cost alternative &#8220;Telkom Save&#8221;. Telkom Save offers discounted rates for certain countries to
which there is heavy traffic from Indonesia while offering regular VoIP tariff
rates for other countries. In addition to other VoIP operators, we also compete
with internet-based voice services likes Skype and Google Talk. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Satellite </font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The Asia-Pacific region and especially Southeast Asia
continues to need satellites for both telecommunications and broadcasting
infrastructure</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, due to the characteristics of the region as an archipelago</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">. </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The capabilities provided by satellites include</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> cellular backhaul</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">broadband
backhaul</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">enterprise network</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,
</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">OUTV (Occasional Usage TV)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">military
and goverment network</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">video distribution, DTH television</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,
</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">flight </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">c</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">ommunication&nbsp;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
and </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">disaster recovery.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">We compete with a number of other satellite operators with
satellites covering Southeast Asia, and several operators are in the process of
developing satellites&#160; withcoverage of Southeast Asia. However, we believe that
demand for satellite transponder capacity still exceeds current supply. In view
of the market opportunities, limited supply and our own requirements, we are
currently in the process of developing the Telkom-3S satellite, which is
currently planned for launch in late 2016, and the Telkom-4 satellite, which is
currently planned for launch around the end of 2017. We expect that Telkom-3S
will replace Telkom-2 and Telkom-4, which will also have coverage to India,
will replace Telkom-1.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Tower</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As
of December 31, 2015, through our subsidiary, Mitratel, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">w</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e operate</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">d </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">6,800 telecommunication
tower located throughout Indonesia. We lease out space to other operators to
place their telecommunications equipment on these towers, for which we receive
a fee. Most towers owned by Telkomsel also leased to other operators. Our
principal competitors in this tower business are PT Tower Bersama
Infrastructure</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Tbk</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, PT Sarana Menara Nusantara Tbk (Protelindo), PT
Solusi Tunas Pratama Tbk as well as other telecommunications operators that
have and lease space on towers. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Others</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The dynamic
development of the telecommunications sector has opened up new opportunities,
particularly with the increasing growth of the over the top (OTT) services
which provide a substitute service to basic telecommunications services such as
voice and SMS. Some OTT service providers are quite popular, including Whats</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">pp,
Facebook, Line, and many others. The presence of these OTT services has
affected the use of legacy services, particularly SMS, which has resulted in
traffic falling in recent years.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BOVER></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUSINESS
OVERVIEW</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SWP2015></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">STRATEGIC
WORKING PROGRAMS OF 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">In 2015,
Telkom continues the Three Main Programs which have been determined since two
years ago to maintain the sustainable growth. The said three programs are to
maintain the double digit of Telkomsel, to push digital business through
Indonesia Digital Network, as well as to develop and widen international
business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The role of
Telkomsel is very strategic considering its substantial contribution to total
income of Telkom, so that it is very important for us to ensure that Telkomsel
has a good performance. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Indonesia
Digital Network or IDN consists of id-Access which constitutes fiber optic
based broadband access to houses, id-Ring which constitutes fiber-based
broadband highway and has national scale as backbone network, and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">d-Convergence
which constitutes high capacity data center that is integrated with Telkom
network, which constitutes infrastructure foundation in order to support data
service either through business unit cellphone or fixed line. Infrastructure of
broadband network which excels in either coverage, capacity or capability will
give the best experience to the customers of Telkom.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Meanwhile,
some initiatives are conducted by Telkom to strengthen its footprint
regionally, by developing and widening its business in 10 countries, in various
business models with measured risks and in line with the entire strategies of
Telkom.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BPORT></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUSINESS
PORTFOLIO</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our Digital TIMES
Portfolio is part of our effort in order to be more focused on customer value.
Beginning January 1, 2016, we have reorganized our 15 previous portfolios
(consisting of nine product portfolios and six customer portfolios), into six
product portfolios, mapped onto five CFUs, and are in the process of continuing
to reorganize internally to reflect our revised product portfolio and CFU
structure.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our six revised
product portfolios are categorized into several lines of business as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telecommunication
Business</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our product
portfolios focused on Telecommunication are:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mobile (mobile legacy, i.e. mobile voice and SMS, and
mobile broadband).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Fixed (</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ixed </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">v</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">oice, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ixed </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">roadband).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Interconnection </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> International Traffic
(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">w</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">holesale&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> telecommunication
services &#8211; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">interconnection&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">international
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">usiness).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Network Infrastructure (</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">atellite&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and t</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ower&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> operations</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Information
Business</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our product
portfolio focused on the information business for Digital Enterprise, which are
includes </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Information&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Communications Technology
Platform (Enterprise Connectivity</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> IT Services, Data Center </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Clouds,
BPO, Devices/Hardware)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Smart Enabler Platform (Payments, Digital
Advertising, Big Data </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Other Smart Enablers).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Media and
Edutainment</font></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Business&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our product
portfolios focus on Media and Edutainment</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Digital Consumer
(e-Commerce, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">v</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ideo-TV, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">digital
m</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">obile).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">All </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">product
portfolios are mapped </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">o</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nto </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">one
or more of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">five&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> new</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> CFU</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,
namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Mobile CFU.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Digital Service CFU.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Consumer CFU.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enterprise CFU.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Wholesale and International CFU.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=OOS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">OPERATIONAL OVERVIEW BY
SEGMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As part of
the Company&#8217;s strategy to provide a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">thoroughly
and comprehensively (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">one-stop
solution</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">)&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to our customers, since </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, we </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">have
changed our business segment approach from </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">product
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">based </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to customers based. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">These changes result in our segment information
presentation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">from fixed wireline, fixed
wireless, cellular and others becomes segmental reports of corporate, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">home</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">personal&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and others.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have four main
operating segments, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">described in
more details as follows</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our corporate segment provides
telecommunications services including interconnection, leased lines, satellite,
VSAT, contact center, broadband access, information technology services, data
and internet services to companies and institutions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our home segment provides fixed
wireline telecommunications services, pay TV, data and internet services to
home consumers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our personal segment provides
mobile cellular to individual consumers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our others segment, particularly
provides building management services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Operating Customer by Segment</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Unit</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Year ended on December 31</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Corporate Segment</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Satelit-transponder</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">MHz</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,648</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,560</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,007</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Leased
  channel</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mbps</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">99,827</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88,257</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">84,624</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">IPLC</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mbps</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,435</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,639</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,421</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Datacomm</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mbps</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,907,012</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 930,327</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 381,440</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Corporate
  internet</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mbps</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 146,843</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 93,368</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 62,687</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  wireline (POTS)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,547</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,465</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,408</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  broadband (IndiHome)</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 413</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 353</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 315</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Home Segment</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  wireline (POTS)</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,730</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,233</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 7,943</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  broadband (IndiHome)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,570</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 3,047</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,698</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Individual Segment</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Seluler</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 152,641</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 140,585</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 131,513</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Fixed
  wireless</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">N/A</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,404</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,766</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Mobile
  broadband (Flash)</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(000) subscribers</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 43,786</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 31,216</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 17,271</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TROO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM&#8217;S RESULTS OF OPERATION BY SEGMENT</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31,
2015, Telkom Group's </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">revenue&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
is dominated by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">personal segment</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> revenues Rp76,131 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">61</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
followed by corporate segment revenues of Rp35,419 billion </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">28</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">home segment </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">revenues Rp11,671 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. The following
chart segment operating results in the last 3 years:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Details operating
results </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of segment </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">can be seen in the table below.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=38% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Results of Operation By Segment</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years Ended December 31</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015-2014</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Corporate</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">External Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 12.3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 21,072</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,528</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 18,763</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 17,041</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Inter-segmen revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 34.7</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 14,347</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,041</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 10,652</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 8,549</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segmen revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 20.4</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 35,419</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,569</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 29,415</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 25,590</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segmen expenses</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24.9</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (28,305</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,053</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (22,663</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (20,375</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Segmen Results</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5.4</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 7,114</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 516</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,752</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5,215</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,708</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (196</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,699</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,423</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Provision for impairment of receiveables</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 204.3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (560</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (41</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (184</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (994</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td width=38% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom's Results of Operation By Segment</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years Ended December 31</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015-2014</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Home</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">External Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9.5</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 7,319</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 531</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,682</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 6,669</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Inter-segment revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 63.2</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 4,352</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 316</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,667</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,794</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24.8</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 11,671</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 847</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,349</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 9,463</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment expenses</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 27.4</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (11,411</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (828</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (8,960</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (8,885</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Segmen Results</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (33.2</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 260</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 19</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 389</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 578</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (19.5</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,203</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (87</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,495</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,487</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Provision for impairment of receiveables</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (36.4</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (297</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (22</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (467</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (390</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Personal</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">External Revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 15.3</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 73,766</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5,351</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 64,000</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 59,028</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Inter-segment revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (12.0</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,365</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 172</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,686</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,358</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 14.2</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 76,131</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 5,523</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 66,686</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 61,386</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment expenses</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 14.6</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (51,303</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (3,722</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (44,786</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (39,463</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Segmen Results</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 13.4</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24,828</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,801</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 21,900</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 21,923</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 20.4</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (14,531</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,054</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (12,071</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (11,234</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Impairnment of fixed assets</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (100.0</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (805</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (596</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Provision for impairment of receiveables</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 11.3</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (148</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (11</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (133</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (202</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Other</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">External
  Revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 24.7</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 313</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 23</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 251</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 229</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Inter-segment
  revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 19.1</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,943</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 141</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,632</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 909</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment revenues</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 19.8</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 2,256</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 164</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,883</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 1,138</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total segment expenses</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 18.7</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (2,040</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (148</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,718</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (1,008</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Segmen Results</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 30.9</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 216</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 16</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 165</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 130</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Depreciation and
  amortization</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 50.8</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (92</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (7</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (61</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (40</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in 0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=38% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Provision for impairment of
  receiveables</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (100.0</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (5</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (0</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> -</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> (3</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Year ended
December 31, 2015 compared to year ended December 31, 2014.</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate Segment</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
corporate segment revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> increase by Rp6,004 billion, or 20.4%, from Rp29,415 billion
in 2014 to Rp35,419 billion in 2015. Th</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">e increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> was </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">primari</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">ly due to an </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">d in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">network revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">4,284 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">101.2</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">as a result of</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> increase in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">l</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">ease</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">d
line revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">4,144 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">309.9</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, transponder revenue increased by
Rp252 billion or 10.1% and international leased line decreased by Rp119 billion
or 85.1%. Data and internet revenue</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">s&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
increased by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">93</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">9&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 10.5%, due to increased
in data communication others revenues by Rp1,03</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">7&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 318.4%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> and decreased in high speed internet by Rp86 billion
or 8.6%. Interconnection revenues increased by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">56</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">5&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
billion, or 11.1%, due to an increased in international IDD OLO revenues by Rp3</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">60&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 35.5% and an increased
in international IDD incoming revenues by Rp354 billion, or 16</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.0</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%.&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> The increased was offset by
decreases of long distance cellular by Rp89 billion or 2.2% and other local by
Rp68 billion or 29.9%.</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
Others telecommunications revenues increased by Rp418 billion, or 5.7%, due to
an increased in call center services revenues by Rp591 billion, or 40.4%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> and decreased in CPE and
terminal by Rp225 billion or 24.3%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
The increased was offset by decreased in fixed wireline by Rp212 billion or
5.6% due to decreased on local usage by Rp117 billion or 24.5%, long distance
usage by Rp53 billion or 12.3% and IDD 007 usage by Rp22 billion or 16.9%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:115%;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">Our corporate segment expenses </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">increased by Rp5,642 billion, or 24.9%,
from Rp22,663 billion in 2014 to Rp28,305 billion in 2015, primarily due to an
increased in operati</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">o</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">n</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> maintenance</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> and telecommunication services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> expenses </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">3,46</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">7 billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">32.2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">% as a result of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">increased in operation and maintenance
(O&amp;M) expenses by Rp1,2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">10&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">
billion, or 57.9%, including increased cooperation expenses by Rp771 billion,
or 27.2%, leased lines and CPE expenses by Rp71</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">6&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> billion, or 61.7%, cost of IT services by Rp52</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">5&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> billion, or 146.8%, O&amp;M
supporting facilities by Rp130 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> or 36.0%, transportation by Rp65 billion or 7.3% and
O&amp;M land and building by Rp46 billion or 14.4%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">. I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">nterconnection expenses</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> increased by Rp779 billion, or
19.4%, as a result of increased in international IDD007 interconnection
expenses by Rp530 billion, or 28.1% and Telkom Global international
interconnection expenses by Rp258 billion, or 95.8%. Personnel </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">expense&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> increased by Rp534 billion, or
14.9%, due to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">an
increased in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">early
retirement program expenses by Rp246 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> or 100.0%, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">bonuses expenses increased by Rp179
billion, or 31.7%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">
and personnel expense increased by Rp101 billion or 16.7%. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">Others expenses increased by Rp886
billion, or 293.5%, due to penalty and commitment charge by Rp4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">60&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> or 100.0%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">, income tax expenses by Rp11</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">7&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;"> billion, or 25,415.4%, others
non-operating expenses by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">265&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">
billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">127</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">.3%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">, and tax expense by Rp33 billion or
82.9%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">.&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> Marketing expense increased
by Rp49 billion or 6.7% due to advertising and promotion by Rp43 billion or
10.2%. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">Home Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
home segment revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
increase by Rp2,322 billion, or 24.8%, from Rp9,349 billion in 2014 to Rp11,671
billion in 2015 mainly due to </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increased
in data and internet revenues
by Rp1,361 billion, or
32.3%, as a result of increased in data communication others by Rp</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">722&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">26.3</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, increased in Pay TV revenues by Rp34</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 451.7%, in line with the
achievement of the IndiHome subscribers more than 1 million subscribers, while </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">high speed internet</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> revenues increased by Rp1</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">50&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">4.0</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">% </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">and high speed internet monthly subscription increased by
Rp52 billion or 408.7%. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Other
telecommunication revenues increased by Rp1,118 billion, or 164.6%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, primarily due to increased
in sale of handset. The increased was offset by a decreased in other revenue by
Rp49 billion or 21.9% and fixed wireline revenue by Rp25 billion or 0.6%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our home segment </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">expenses increased by Rp2,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">451&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
billion, or 2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">7</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">% from Rp8,8</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">60&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> billion in 2014 to
Rp11,411 billion in 2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. This increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> primarily due to a</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">n increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d
in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">o</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">peration, maintenance and telecommunication services
expenses</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> by Rp1,932 billion, or 79.2%,
due to an increased in terminal/handset expenses by Rp1,07</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion, or
258.4%, increased in cooperation expenses by Rp552 billion, or 349.6%,
increased in leased lines and CPE expenses by Rp403 billion, or 322.2%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, offset by decreased in insurance expense by
Rp40 billion or 33.4% and vehicle rent by Rp30 billion or 30.7%. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personnel expenses increased by Rp508 billion, or
15.4%, due to early retirement program expenses by Rp328 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> or 100.0%, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">bonuses expenses increased by Rp231 billion, or 35.1%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, net periodic post-retirement healthcare
benefits increased by Rp81 billion or 192.1% and offset by decrease in net
periodic pension costs by Rp156 billion or 51.2%. Other expense increased by
Rp606 billion or 1,444.9% due to increased in penalty and commitment charge by
Rp364 billion or 100.0% and others non-operating expense by Rp243 billion or 1,151.1%.The
increased was offset by decreased in general administrative expense by Rp291
billion or 19.7%&#160; due decreased in provision for impairment of receivables by
Rp160 billion or 35.1% and training, education and recruitment by Rp119 billion
or 46.4%. While, depreciation and amortization expense decreased by Rp29</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
billion or 19.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=#003C7D face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
personal segment revenues </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increase by Rp9,445 billion, or 14.2% from Rp66,686 billion
in 2014 to Rp76,131 billion in 2015</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">mainly due to </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">an
increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">d in
data and internet revenues by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">7,083 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">25.7</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">due to</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> increased in cellular data</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> communication revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">6,01</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">5 billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">44.5</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">in line</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> with the increase in</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> Telkomsel Flash subscribers 40.3% from 31.2 million in 2014
to 43.8 million in 2015,
payload data increased
by 109.6% to 492,245 TB in 2015. Cellular SMS revenues increased by Rp1,195
billion, or 8.6% as a result of the successful in cluster based pricing
implementation. </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The
increased is offset by decrease on SMS fixed wireless by Rp100 billion or 97.0%.
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Cellular revenues was
increased by Rp3,08</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">8&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 9.1%, due to increased
in cellular commitment revenues by Rp2,083 billion, or 28.3%, in line with
increased in cellular subscribers by 8.6% to 152.6 million in 2015, cellular
long-distance usage by Rp65</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">8&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
billion, or 7</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.0</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, celullar feature revenues
increased by Rp286 billion, or 37.5%. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;letter-spacing:.1pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The increased was offset by decreasing in fixed wireless
revenue by Rp437 billion or 82.5% because termination Flexi, decrease on local
used by Rp119 billion or 71.9%, long distance usage by Rp266 billion or 89.4%
and monthly subscription by Rp49 billion or 78.1%. The other revenues decrease
by Rp110 billion or 50.0% due to decrease in others non operating income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our personal segmen</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">t&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
expenses increased by Rp6,5</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">17&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 14.6% from
Rp44,7</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">86&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in 2014 to Rp51,303
billion in 2015, primarily due to </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">an increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">d in operation</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">maintenance&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> and </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">telecommunication services expenses by
Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">4,5</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">40 billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">21.9</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, due to the increased </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">in manage capacity service by Rp1,686</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion or 100.0%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, increased in O&amp;M power supply
expense by Rp90</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">6&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 43.8%in line with growth
in BTS Telkomsel by 20.9% to 103,289 thousands unit in 2015, and O&amp;M
transport expenses </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">by&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> Rp749 billion, or 16.2%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> O&amp;M radio base station by
Rp1,024 billion, or 24%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
and rental expense increased by Rp210 billion or 23.2%. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Depreciation and amortization
expenses increased by Rp</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2,460&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
billion, or 20.4%, mainly due to an increased in depreciation transmission
installation and equipment by Rp1,77</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
billion, or 21.8% and </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">amortization&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp22</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">6&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">67</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.3%,
increased in depreciation leased assets by Rp21</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">6&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion or 34.1%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, increased in depreciation of building by Rp20 billion or
76.6%, depreciation cable network by Rp55 billion or 103.9%, depreciation switching
by Rp13 billion or 1.1%, depreciation of lease hold by Rp17 billion or 34.5%
and depreciation of vehicles by Rp3 billion or 11.4%. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Personnel expenses increased by
Rp1,091 billion, or 39.9%, primarily due to an increased in bonuses expenses by
Rp497 billion, or 87.2%, increased in employees income tax expenses by Rp</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">200&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 44.6%, early retirement program expenses by Rp21</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">6&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> or 100% and long service award
increased by Rp190 billion or 165.5%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">The increased was offset by decreased in i</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">nterconnection expenses by Rp1,48</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 31.3%, due to decreased
in Blackberry cooperation expenses by Rp1,078 billion, or 69.0%, in line with
decreased of Blackberry subscribers by 31.7% to 4.0 million subscribers in 2015
and decreased in cellular to IDD interconnection expense by Rp331 billion, or
54.1%.</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> General
administration expense decreased by Rp66 billion or 4.1% due to decrease in
collection expense by Rp270 billion or 38.3%, offset by increased in profesional
fees by Rp118 billion or 98.7%, training, education and recruitment by Rp28
billion or 40.6%, social contribution by Rp22 billion or 83.6% and provision
for impairment of receivables by Rp15 billion or 11.</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">3</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%. Foreign exchange loss decreased by
Rp55 billion or 53.5%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
other segment revenues</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
increase by Rp373 billion, or 19.8%, from
Rp1,883 billion in 2014 to Rp2,256 billion in 2015</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">mainly due to an </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increased&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">leased revenues by Rp22</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">5&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 20.8%, due to increased in building maintenance
revenue by Rp193 billion, or 20.5% and building leased revenues by Rp2</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">8&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 22.6%. Other
telecommunication </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increased
by Rp148 billion or 18.4% due to others </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">revenues increased by Rp72 billion, or 329.1%, transport
management service revenues increased by Rp</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">50&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 40.1%, and security service revenues increased
by Rp4</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">4&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 13.6%.</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> The increased was offset by
decreased on project management revenue by Rp30 billion or 13.7%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our
other segment expenses</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> increased
by Rp322 billion, or 18.7%, from Rp1,718 billion in 2014 to Rp2,040 billion in
2015 mainly due to an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">d in operati</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">on, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">maintenance&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> an</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">d&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> telecommunication service</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> expense by Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">246
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">16.7</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%,
due to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">an&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> increased in cooperation expense</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s Rp112 billion, or 71.7%, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">v</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ehicles rental
and supporting facilitiesby Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">42&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">43</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">9</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">%, electricity,
gas and water expenses by Rp44 billion, or 6.8%, and security operational
expenses Rp4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or 15.7%. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Depreciation
expenses increased by Rp31 billion, or 50.8%, mainly due to an increased in
depreciation power supply, depreciation vehicles, and depreciation building.
General and administration expense increased by Rp20 billion, or 53.6%, was
primarily due to increased in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">provision
for impairment of receivables</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">5&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion,
or 2,793.9%, meeting expenses by Rp4 billion, or 155.7%, and professional fees
expenses by Rp3 billion, or 224</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.0</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">%. Personnel expenses increased by Rp1</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">6&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion, or 12.9%, due to increased in outsourcing expenses by Rp6 billion, or
11.9%, bonuses expenses by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or 61.9%, pension assistance expense by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">3&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion, or 158.9% and incentives expenses by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or
20.8%, meanwhile marketing expenses increased by Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or
19.7%, due to increased in representation expenses.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Year ended December 31, 2014 compared to year ended
December 31, 2013.</font></i></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
corporate segment revenues
increased</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">3,825&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">14.9</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, from Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">25,590&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> to Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">29,415 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">. The </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> was mainly due to an increased in
others telecommunications services by Rp1,855 billion, or 41.1%, was reflect by
an incre</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">ase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">d in tower lease revenue by
Rp678 billion, or 34.1%, in line with growth in BTS number by 31.2% and tower
tenats by 31.4%, Customer Premise Equipment (&#8220;CPE&#8221;)&#160; also increased by Rp342
billion, or 29.1%, management service revenue by Rp391 billion, or 1261.7%, and
E-payment revenue to Rp341 billion, or 180.7%. An increased in network revenue
by Rp694 billion, or 18.6%, due to the increased in transporder revenue by
Rp691</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.9&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, 41.7%. Data and
internet revenue increased by Rp554 billion, or 8.1%, due to an increased in
Astinet revenue of Rp390 billion, or 71.2%, and Metro E revenue by Rp430
billion or 43.3%. Interconnection revenues increased by Rp394 billion, or 7.0%,
due to the increased in our wholesale voice revenue by Rp146 billion, or 25.1%,
IP Transit revenue by Rp130</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.8&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or 16.8%, SLI 007
incoming interconnection revenue of Rp91 billion or 6.1%.</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> Wireline revenue increased</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> Rp309 billion, or 6.6%, due
to the increase in call center by Rp393 billion, or 33.9%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our
corporate segment expenses increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
by Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2,288 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">11.2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%, from Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">20,375&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2013&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">22,663&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, primarily due to an increased of Rp1,219 billion, or
12.9% in operating and maintenance expenses as a result of higher tower rent
expenses Rp599 billion, or 129.2%, as well as an increased in tower lease
revenue, site operating expense by Rp300 billion, and managed services expense Rp292
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> or 1928.1%. Depreciation expense increased by Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">276&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
billion, or 1</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1.4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">% due to the increased in depreciation of equipment
and installation of transmission by Rp186 billion, or 33.7%, and depreciation expense
of power supply Rp115 billion or 50.7%. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">nterconnection expenses increased Rp178
billion, or 4.6%, due to the increased in cellular long distance transit interconnection
expense by Rp121 billion, or 20.3% and Telkom Global 017 interconnection charges
by Rp109 billion, or 68.4%, and the decline in foreign exchange
loss by Rp616 billion, or 92.5%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Home Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
home segment revenues decrease</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">114 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1.2</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, from Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">9,463&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> to Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">9,349&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2014&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> mainly due to the decline in
wireline revenues by Rp399 billion, or 8.6% decrease in local usage. This
decrease was partially offset by the increased in data and internet revenues by
Rp287 billion, or 8.0%, due to the increased in speedy revenue in line with the
customer growth from 3,013 thousand to 3,400 thousand, or 12.8%, in 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our home segment </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">expenses </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> by Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">75
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">0.8</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%
from Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8,885&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2013&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8,960&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, primarily due to a
decreased in other income by Rp511 billion, or 70.6%, and a decrease in the
difference of fair value investments Rp228 billion, or 98.3%. This decreased
was offset by a decreased in operating expense by Rp266 billion, down 2.9%, due
to a decreased in personnel expense Rp461 billion, or 12.4%, due to a decreased
in bonus expense by Rp200 billion, or 23.3%, and net periodic post-retirement
healthcare expense by Rp170 billion, or 80.2%.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personal Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
personal segment revenues increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">5,300&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">8.6</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">% from Rp61,386 billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> to Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">66,685 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, mainly due to the increased
in data and internet revenues by Rp4,270 billion, or 18.3%, which increased in
Telkomsel cellular data by Rp4,007 billion, or 38.6%, parallel with the
increase in 67.9 million, or 48.3%, the number of subscribers (including pay as
you use) subscribers. Payload data traffic increased to 234.862 TB, or 142.9%.
Rp547.8 billion, or 4.2%, increased in our SMS revenue. Revenue in mobile
increased by Rp2,035 billion, or 6.3%, due to an increase in cellular monthly subscription
revenue by Rp1,200 billion, or 17.8%, mobile long distance revenues increased
by Rp487 billion, or 5.4%, and Rp380 billion, or 2.7%, in local cellular.
Supported by the increased in mobile subscribe by 6.9% from 131</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.5 m</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">illion in 2013 to 140.6 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">m</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">illion in 2014. Chargable MoU
increased by 15.0% to 161.4 billion minutes in 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;letter-spacing:0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our personal segmen</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">t&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">
expenses </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">5,323&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">13.5</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">% from Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">39,463&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> to Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">44,786&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">, primarily due to the
increased in operation and maintenance expenses by Rp4,192 billion, or 25.4%, due
to the increased of antenna and tower expense by Rp1,014 billion, or 40.8%, and
radio base station expense by Rp446 billion, or 11.7%, due to the growth of BTS
number by 22.3% from 69,864 unit in 2013 to 85.420 units in 2014. Increased in
leased line expense by Rp799 billion, or 8</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">027.4%,
an increased in satellite transmission expense by Rp411.5 billion, or 9</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">724.6%, Rp432 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> or 5</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">714.3%, in outsourcing. Land and buildings expense increased
by Rp270 billion, or 65.5%, in line with the increased in the number of BTS and
GraPARI. USO expense increased by Rp222 billion, or 29.4% and lease building
expense increased by Rp159</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.2&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">21.9</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;letter-spacing:.1pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Depreciation expense increase Rp837 billion or 7.45% and
Impairment of fixed assets increased
Rp209 billion, or 35% due to the increased in depreciation of equipment and installation of transmission by
Rp1,279 billion, or
18.6%, were
offset by a decreased in depreciation expense lease assets - equipment and
installations transmission by
Rp264 billion, or 29.5%. </font></p>

<p style="margin-bottom:.0001pt;margin-left:21.25pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Segment</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our
other segment revenues increase</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> by Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">745&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">65.5</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">%, from Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1,138&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;"> to Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">1,883 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">billion in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">2014 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">mainly due to an increase in building
management revenue by Rp499.3 billion, or 112.6%, due to the addition of
building management combine with energy management, and additional rental of
completed buildings. Total area of the building being leased in 2014 increased
by 5.5%, transport management services revenue increased by Rp66.5 billion, or
116.8%. Security services revenue increased by Rp55 billion, or 20.6%, due to
the addition of personnel and an increase in the UMR in 2014, and management
projects revenue increased by Rp50 billion, or 29.6%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our
other segment expenses increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
by Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">710&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">70.4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%, from Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1,008&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2013&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1,718&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
billion in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2014&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> mainly due to an increased in operating and
maintenance expense by Rp652 billion, or 79.0%, due to the increased in
electric by Rp494 billion, or 345.8%, increased in security services expenses
by Rp40 billion, or 17.2%, due to the addition of personnel and salary
increased as a result of the minimum wage </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">property expense </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">71.3&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">22.2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> because of property sale</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. The increased was also due to an increased in the
personnel expenses by Rp27 billion, or 28.7%, due to an increase in
outsourcing expense.<a name=MASTRA></a></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">MARKETING STRATEGY</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">We </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">have
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">implement </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a comprehensive marketing strategy to
bolster our brand and to boost sales as well, including through marketing
communication activities and product and service distribution channel
development.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">We
implement a &#8220;paradox marketing&#8221; framework in managing our marketing as
illustrated in following diagram:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><img border=0 height=295 src="x16040107550800.jpg" width=369>&nbsp;</p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In our
implementation of the &#8220;paradox marketing&#8221; framework</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as illustrated above, the &#8220;more for less&#8221; concept is
based on the value preposition of the products and services we offer to
customers, with the aim that customers can acquire more relevant benefits at a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">lower </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">price&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> compare</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to our competitors</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, with mass customization that is in line with
customers&#8217; requirements for our product</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and
services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
the consumer segment business portfolio (which includes</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> consumer home services </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> consumer personal
services)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">n 2015, we
introduce the new IndiHome service, which bundles in all in one packages at a competitive
price </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">services consist</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ing primarily </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">broadband </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Internet, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">fixed
line residential p</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">hone</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">i</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">nteractive
TV </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">services. The IndiHome package
includes high speed internet services of up to 100 Mbps, and
domestic calls (which may include, depending on the specific package, a limited
amount of free domestic calls). The interactive TV service, which is supported
with IPTV (internet protocol television) technology, provides customers with a
new flexible way to watch television that allows customers to pause, rewind and
replay content, and also to select and watch re-runs of TV programs which has
aired up to 7 days before. The IndiHome package also includes free unlimited
music streaming from MelOn digital music service and three-months free
antivirus protection. In addition, we have also developed additional or
add-on services to provide more benefits to the customers, such as IndiHome
Telephone Mania, an unlimited voice call plan from a home phone to any
Telkomsel phone numbers, IndiHome Global Call, an international call plan with
special prices to selected favourite destination countries, and Seamless
wifi.id, an add-on service for IndiHome customers to enjoy unlimited internet access
at all Indonesia wifi access points in Indonesia. To provide the best
experience to our customers, we have also focused on the latest infrastructure
technology based on a fiber optic network, which provides more reliable, stable
and robust connectivity</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> that is deployed as part of the Indonesia Digital
Network. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The IndiHome service
was developed based on the &#8220;more for less&#8221; strategy framework, whereby
customers get more benefits with less cost compared to the cost of the
individual services, and which we believe is an example of our focus on value
innovation to strengthen our positioning and differentiation compared to
competitors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">corporate&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
segment business portfolio (which includes</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> enterprise, government and business customers)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> we
have 10 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">primary&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> marketing strateg</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ies,
as outlined below</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enhancing Center of Excellence Strategy</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which relates to development of human resources, and
particularly the development of account management teams;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">New Enterprise Business </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Development </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Process</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, a strategy relating to
our business development process for the enterprise market, covering strategic
account management, CRM enhancement, customer service and team incentives;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Smart Business Portfolio</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Unlocking, which is a business and customer portfolio
development strategy that includes customer experience enhancement and service
quality enhancement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TelkomGroup Business Synergy improvements, a
st</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">r</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ategy aimed at enhancing synergies within Telkom Group businesses by
exploiting the competitive advantages of different subsidiaries, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">covering&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
pricing synergy, product/solution
synergy and channel/ promotion synergy within </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Grou</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">p;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">High End Market Focus </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Differentiation
Strategy</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> a strategy </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">relating
to the</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> implementation of brand
and marketing communications, including marketing program for
new products/solutions</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">International MNC Expansion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IMEX)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, a
strategy to p</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">rovid</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> ICT
solution</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> for Indonesian
multinational compan</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ies that are
expanding their </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">business&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> internationally;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Building </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Paradox Business Model for Enterprise
Segment, a strategy aimed at developing the paradox business model for
enterprise customers to create a digital ecosystem with mutual benefit</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> for
entities</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enhancing </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Indon</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">sia
Digital Convergence Program (INDICO</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">)
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Program</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">is
a derivative program</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Indonesia Digital Network</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> (IDN) program</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">but&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> focus</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ed more </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">on </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">development </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">digital convergence
technology for </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">enterprise market</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">9.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Synergizing integrated Ecosystem Business in
Enterprise Market</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> a strategy to strengthen our position
in the enterprise market by providing solutions based on the customer&#8217;s
ecosystem, including deploying Fiber to the High End Market (FTTHEM) to support
the ecosystem business</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Transforming Emerging Business Portfolio for
Ent</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">erprise&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Market, a strategy </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> prepar</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">for
the emergence of new business portfolio</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s resulting from </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">dynamic business changes in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the e</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nterprise
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">m</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">arket.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We implemented a
revised </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">marketing strategy</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in early 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">n the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">wholesale </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">international&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> segment business portfolio, which we believe</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> is a disruptive strategy that aim</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to
create a new equilibrium point on domestic and international wholesale business
by increas</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">es&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">international
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">traffic sources through
attractive business schemes and models both for the wholesale and retail</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. For example,
we create a partnership with several global partners who have customer base to
accommodate the retail activity of both parties. We and Telkomsel have entered
into agreements with various foreign telecommunications operators that have
subscriber bases to cap wholesale interconnection revenue and/or cost</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Such
revenue and/or cost cap allows operators to offer promotional schemes to their
customers for international voice traffic.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> The scheme has </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">generally
received</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> a positive response from
International wholesalers</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and resulted in
increasing international voice traffic</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We believe this is an example
of our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">innovation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">i</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">n the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">traditional fixed-line v</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">oice business</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> wh</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ere</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">traffic&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
has been declining</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PRODOVER></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PRODUCT OVERVIEW</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following is a
brief overview of each of our six product portfolios.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telecommunication
Business</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Mobile </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">S</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ervices&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our mobile products
portfolio comprises mobile voice, SMS and
value-added services, as well as mobile broadband. W</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">provide mobile
or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cellular </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">communications services with GSM technology through </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">subsidiary,
Telkomsel</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mobile services </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cluding&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> mobile
data services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) remained the
largest contributor to our consolidated</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> revenues in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our postpaid mobile services are marketed under the
brand kartuHalo and our prepaid services, which comprise almost 98% of our
mobile subscribers, are marketed under the brands </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">simPATI,&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Kartu As and
Loop.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=IN style="font-size:10.0pt;">&#8211;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">kartuHALO </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">is
a postpaid mobile telecommunications service for the premium, professional and
corporate market segment. kartuHalo offers two package options for customers,
namely, HaloFit My Plan and HaloFit Hybrid.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&#8211;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI </font></i></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">is a prepaid </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">service&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> that targets the needs of
the middle class market segment to provide a high quality telecommunication
service, through the purchase of starter packs and top up vouchers</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI
offers simPATI Discovery and simPATI Social Max packages, which have various
promotional packages from time to time.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=IN style="font-size:10.0pt;">&#8211;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Kartu A</font></i></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s </font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">is a prepaid service</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> targeting
the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">lower middle class market
segment, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">offers a more attractive price</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> compared to simPATI</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=IN style="font-size:10.0pt;">&#8211;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Loop&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> is a prepaid service targeting the youth segment
through the provision of attractive data packages</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our mobile broadband services, which are marketed
under the Telkomsel Flash name, is supported by LTE/HSDPA/3G/EDGE/GPRS
technology. As of December 31, 2015, we </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">had 43.8 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million Telkomsel Flash
subscribers, compared </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">to 31.2 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million subscribers as of December 31, 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We launched 4G services in December 2014, with initial
coverage in Jakarta and Bali, and were the first operator in Indonesia to
launch 4G services commercially. In 2015, we continued to deploy 4G/LTE
services in more cities, with 2.2 million 4G/LTE subscribers and covering </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">14&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
cities </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">with 17,869 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BTS as of December 31, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">total
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">mobile cellular </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">subscriber </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">base
increased from 140.6 million subscribers</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, comprising</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
2.9</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> million postpaid subscribers </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and 137.7 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million
prepaid subscribers, as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to 152.6 million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> subscribers, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">comprising 3.5 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million postpaid subscribers
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and 3.5 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million prepaid subscribers</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">December
31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> an
increase of 8.6% or 12.1 million subscribers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Fixed </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">S</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ervices&nbsp;</font></b><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our fixed product portfolio comprises fixed voice and
fixed broadband services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, we continued to actively promote our
&#8220;more for less&#8221; program, which aims to provide customers with more relevant
benefits at a lower price through bundling services. Our
bundling program is marketed under the commercial name IndiHome,
which bundles in all in one packages at a competitive price services consisting
primarily of broadband Internet, fixed line residential phone, and interactive
TV services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As of December 31, 2015, we had 10.3 million
fixed voice lines in service, and 4 million fixed broadband subscribers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We terminated our Flexi service on May 31, 2015
although the previous subscribers were able to use their old Flexi telephone
numbers till December 2015. In total, we migrated a total of over 1.3 million
subscribers to Telkom under our migration program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Interconnection &amp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nternational
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">T</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">raffic&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our interconnection and international traffic product
portfolio includes wholesale telecommunications services and our international
business which is conducted through our subsidiary Telin. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Wholesale telecommunications services comprise
primarily interconnection services, as well as network services, Wi</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fi,
VAS, hubbing, data center &amp; content platform, data &amp; internet, and
solutions. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">earn revenue from interconnection services from other
telecommunications operators </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">that
utilize our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">network infrastructure in
Indonesia, both for calls that end at or transit via </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">network. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Similarly</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> also pay interconnection fees to other telecommunications operators
when </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we use </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">their networks to connect a call from </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">customers.
Interconnection services that we provide to other telecommunications operators
comprise domestic and international interconnection services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We also have limited operations and/or interests in a
number of international jurisdictions in telecommunications or data related
areas, namely,</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Singapore, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telekomunikasi Indonesia International
Pte. Ltd. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Singapore&quot;),
where operate as a facility based operator </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a telecommunication provider, and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">are </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">permitted
to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">conduct&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> infrastructure development</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Hong Kong, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telekomunikasi Indonesia International
Pte. Ltd. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Hong
Kong&quot;), where we are a mobile virtual network operator (&quot;MVNO&quot;),
operate a GraPARI center for Indonesian workers and provide wholesale voice,
wholesale data and retail mobile services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Macau, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telkom </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Macau Limited, where we provide retail mobile services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Timor Leste, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telekomunikasi Indonesia International
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(TL) S.A.(&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Timor
Leste&quot;), where we provide cellular voice and broadband internet services,
corporate solutions as well as wholesale voice and data;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Australia, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
Telekomunikasi Indonesia International Pty Ltd. (&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Australia&quot;),
where we provide business process outsourcing, information technology
outsourcing, and IT services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Myanmar, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">branch offic</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e, where we support the implementation of Myanmar via
Mumbai, India International network project,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and also observe</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
the</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> telecommunication business
potential in the country</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Malaysia, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telekomunikasi Indonesia International
Malaysia Sdn. Bhd</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. (&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Malaysia&quot;),
where we have a minority interest in a joint venture providing MVNO services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Taiwan, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through Telkom </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Taiwan Limited, where we provide </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">retail mobile </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">services;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; United States of
America, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Telekomunikasi Indonesia International (USA) Inc.
(&quot;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom USA</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&quot;), where we undertake businesses relating to
telecommunications products, telecommunication services, information technology,
information technology products and information technology services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Saudi Arabia, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">through </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">branch offic</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e, where we provide MVNO services and operate a
GraPARI center for Indonesian pilgrims.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have also entered into a conditional sale and
purchase agreement in May 2015 to acquire Guam AP Teleguam Holdings, Inc, the
parent company of GTA Teleguam, which has voice, mobile, fixed broadband and
IPTV operations. The acquisition is subject to regulatory approvals. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Network </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Infrastructure&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our network infrastructure product portfolio includes
satellite operations and tower operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Satellite </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Our satellite operations consist primarily
of leasing satellite transponders capacity to broadcasters and operators of
VSAT, cellular and IDD services and ISPs, as well as providing earth station
satellite up linking and down linking services for domestic and international
users.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We are currently in the process of developing t</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">he Telkom-3S satellite</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which is currently </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">planned for launch in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">late </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2016</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. We have also entered into another contract for the
procurement of a Telkom-4 satellite, which is currently planned for launch
around the end of 2017,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> as a
replacement for Telkom-1</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We manage our satellite business through our
subsidiaries, Metra and Patrakom.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Tower </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Through our subsidiary, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Mitratel</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, we
lease out space to other operators to place their telecommunications equipment
on these towers for which we receive a fee.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Information
Business</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Digital Enterprise
Product Portfolio</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">digital
enterprise product portfolio, which focuses on the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">information&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
business, includes the following.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Information and Communications Technology (ICT)
Platform</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Enterprise
connectivity, including fixed voice, fixed broadband, IP-VPN, lease channel
(LC), ethernet, and managed network services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; IT services,
including system integration, IT outsourcing, premises integration, and
professional services;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Data center &amp;
cloud, including data center (EDC, colocation, hosting, DRC, CDN) and cloud
(Infrastructures as a Service (&quot;laaS&quot;), Software as a Service
(&quot;SaaS&quot;), and UcaaS);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Business Process
Outsourcing (BPO) services; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Devices/hardware,
which offer hardware sales/support (CPE trading, CPE services, and IT
security).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Smart Enabler Platform</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Payment, which
offers bill payment, online payment gateway, e-money, and direct carrier
billing;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Digital advertising,
including digital out-of-home, mobile advertising, digital agency &amp;
analytics solutions; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-&#160;&#160;&#160;&#160;&#160;&#160; Big data &amp; other
smart enablers, which offer platform services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Media and
Edutainment Business</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Digital Consumer</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our digital consumer business portfolio comprises
primarily media and edutainment services offered to consumers such as
e-commerce services, video/TV services (pay TV, IPTV and over the top (OTT)
TV), and digital mobile services (game, music and mobile digital life
services).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=OOTR></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">OVERVIEW OF TELECOMMUNICATION RATES</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Under Law No.36 Year
1999 and Government Regulation No.52 Year 2000, tariffs for operating
telecommunications network and/or services are determined by providers based on
the tariff type, structure and with respect to the price cap formula set by the
Government.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed line telephone
tariffs</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government has issued a new adjustment tariff formula
which is stipulated in the Decree No.15/PER/M.KOMINFO/4/2008 dated April 30,
2008 of the Ministry of Communication and Information (&#8220;MoCI&#8221;) concerning
&#8220;Mechanism to Determine Tariff of Basic Telephony Services Connected through
Fixed Line Network&#8221;.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Under the Decree, tariff structure for basic telephony
services connected through fixed line network consists of the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Activation fee</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Monthly subscription charges</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Usage charges</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Additional facilities fee</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mobile cellular telephone
tariffs</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On April 7, 2008, the MoCI issued Decree
No.09/PER/M.KOMINFO/04/2008 regarding &#8220;Mechanism to Determine Tariff of
Telecommunication Services Connected through Mobile Cellular Network&#8221; which
provides guidelines to determine cellular tariffs with a formula consisting of
network element cost and retail services activity cost. This Decree replaced
the previous Decree No.12/PER/M.KOMINFO/02/2006.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Under MoCI Decree No.09/PER/M.KOMINFO/04/2008 dated
April 7, 2008, the cellular tariffs of operating telecommunication services
connected through mobile cellular network consist of the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Basic telephony services tariff</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Roaming tariff, and/or</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Multimedia services </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">tariff</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">with the following traffic structure:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Activation fee</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Monthly subscription charges</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Usage charges</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Additional facilities fee</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">tariffs&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Indonesian Telecommunication Regulatory Body
(&#8220;ITRB&#8221;), in its letter No.262/BRTI/XII/2011 dated December 12, 2011, decided
to change the basis for SMS interconnection tariff to cost basis with a maximum
tariff of Rp23 per SMS effective from June 1, 2012, for all telecommunication
provider operators. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Based on letter No.118/KOMINFO/DJPPI/PI.02.04/01/2014
dated January 30, 2014 of the Director General of Post and Informatics, the
Director General of Post and Informatics decided to implement new
interconnection tariff effective from February 1, 2014 until December 31, 2016,
subject to evaluation on an annual basis. Pursuant to the Director General of
Post and Informatics letter, the Company and Telkomsel are required to submit
the Reference Interconnection Offer (&#8220;RIO&#8221;) proposal to ITRB to be evaluated</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Subsequently, ITRB in its letters No.60/BRTI/III/2014
dated March 10, 2014 and No.125/BRTI/IV/2014 dated April 24, 2014 approved
Telkomsel and the Company&#8217;s revision of RIO regarding the interconnection
tariff. Based on the letter, ITRB also approved the changes to the SMS
interconnection tariff to Rp24 per SMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Network lease </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">tariffs&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Through MoCI Decree No.03/PER/M.KOMINFO/1/2007 dated
January 26, 2007 concerning &#8220;Network Lease&#8221;, the Government regulated the form,
type, tariff structure, and tariff formula for services of network lease.
Pursuant to the MoCI Decree, the Director General of Post and Telecommunication
issued its Letter No. 115 Year 2008 dated March 24, 2008 which stated &#8220;The Agreement
on Network Lease Service Type Document, Network Lease Service Tariff, Available
Capacity of Network Lease Service, Quality of Network Lease Service, and
Provision Procedure of Network Lease Service in 2008 Owned by Dominant Network
Lease Service Provider&#8221;, in conformity with the Company&#8217;s proposal.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Tariff for other services</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The tariffs for satellite lease, telephony services,
and other multimedia are determined by the service provider by taking into
account the expenditures and market price. The Government only determines the
tariff formula for basic telephony services. There is no stipulation for the
tariff of other services.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=PS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PROMOTION</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AL STRATEGIES</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our first
strategy with respect to promotion is personalized socializing. This strategy
involves the use of social media as part of a conventional campaign with the
aim of increasing customer engagement through a more customized approach. Our
second promotional strategy is social personalizing where we seek to get the
benefits of a mass media campaign to have a wide reach and increase the
awareness of our products and brands among potential customers, while still
maintaining high engagement and participation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Promotion
strategy in the corporate segment (enterprise &amp; business service)
implemented by using Telkom Solution as an umbrella brand for the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">micro, small, medium </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">enterprise segment (&#8220;MSME&#8221;).
Our strategy to implement the strategy paradox marketing as an approach in the
enterprise market and MSME which has the characteristics of high competition
and high demanding customers. Telkom using strategic account management for
corporate customers through competent account managers. Account managers as a
customer advocacy assigned to maintain the relationship as well as a partner
for customers to promote and communicate the appropriate solution for the
customers. While for MSME, we optimize the omni channel by optimizing social
media and big data analysis for products and solutions promotion. Telkom using
the approach through the MSME communities which managed through
www.smartbisnis.com.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DISC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DISTRIBUTION
CHANNELS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following are
the primary distribution marketing channels for our products and services:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Plasa Telkom</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GraPARI&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Outlets that function as walk-in customer service
points, where customers have access to the full range of Telkom and Telkomsel&#8217;s
respective products and services, including billing, payment, subscription
cancellation and promotion to complaint handling. As of December 31, 2015, we
managed 572.0 Plasa Telkom outlets and 414.0 GraPARI outlets in Indonesia and
two GraPARI in Hong Kong and Singapore, and had an additional 327 GraPARI
outlets which were managed by third party business partners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Several of the GraPARI outlets operate on a 24 hour
basis. We also operate 392.0 mobile GraPARI outlets which are sales points
located in vehicles which can travel to reach customers across the country.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Contact centers</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Contact centers that support our customers&#8217; ability to
access certain of our products and services, including make billing enquiries,
submit complaints, and access certain promotions and service features. We
operate 24-hour contact center facilities in five cities, namely Medan,
Jakarta, Bandung, Makassar and Surabaya.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, inbound calls to our contact centers have
generally been decreasing due to changes in methods used by the customers in
seeking out product information, subscribing or submitting complaints, from
voice calls to online requests on our websites.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Partnership Stores</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Partnership stores are Partnership stores are
extensions of our distribution channels, in cooperation with a variety of third
party marketing outlets such as computer or electronic stores, banks, and
others. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To increase sales, we also use above and below the
line marketing channels to promote our services to certain parties and
communities. We also continue to place advertisement in printed and electronic
media and implement marketing methods such as point of sales broadcasting as
well as promotion and sponsorship events. In line with shifting consumer
behavior and lifestyles, we have also actively developed national scale
partnerships with several partners such as Intel and Bank BTN. Through the
partnership, we sell bundle-based products at our partners&#8217; sales outlets.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Feet on </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Street&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Sales agents that conduct direct marketing of our
products, particularly for our IndiHome products, through door-to-door sales,
open table discussions, exhibitions, product demonstrations, and other similar
activities. </font></p>

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<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Authorized dealers and
retail outlets</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Distribution outlets for a variety of
telecommunication products such as Speedy Instant cards, starter packs, prepaid
SIM cards and top-up vouchers. These dealers are non-exclusive, and they
receive a discount on all of the products they receive. Retail outlets also
include outlets jointly operated by us, Telkomsel and PT Pos Indonesia, as well
as other outlets such as banks</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Account Management Teams</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Manage relationships and account portfolio of
large-scale corporate segment (large enterprise), government, and medium-scale
businesses.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">7.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Sales Specialist</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A team formed with a high competence as well as having
a deep product knowledge in order to provide appropriate and effective recommendations
of solutions to corporate customers together with Account Manager.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Tele Account Management</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We also provide a Tele Account Manager service to
support MSME customers or prospective business customers through inbound and
outbound calls for pre-sales, sales and other customer services requirements. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Channel Partner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Serving as a reseller that helps the Enterprise
Serivice Division in the sales and marketing activities to seek specific
customers requirements (usually in the business district). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">10.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Value Added Reseller (VAR)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A main line to manage partnership relation with
communities through interaction with the community business partners either
community-based segment/industry or community-based territory. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">11.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Touch Point</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">It may be either Web or Mobile Application Based
Channel which are Network Marketing Channel and as a channel for the entire
customer portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">12.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Website&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our website, www.telkom.co.id and www.telkomsel.com
enables customers to access certain of our products and services. Available
services include e-billing registration, collective billing registration and
submission of complaints.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">13.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Social Media</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We use social media, primarily Facebook and Twitter,
to enable the customers to interact with us regarding our products and
services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=STC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SERVICE
TO CUSTOMERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As
a form of implementing good corporate governance (&#8220;GCG&#8221;) towards customers and
the public, we continue to maintain communication with our customers. We
believe that efficient and proactive communication has an important role to play
in the sustainability of the Company&#8217;s business, as well as to ensure
above-standard quality.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Service
Delivery</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To
control service delivery, in particular those related to network
infrastructure, the management of SLA with the functional division in NITS
becomes very crucial. The execution of a Service Level Agreement (SLA) with
NITS is conducted by Telkom Regional with the supervision of NITS through
Integrated Operational Control (IOC).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
service delivery process for standard products and basic products uses the
available organizational functions, while the service delivery for customized
solutions and ecosystem solutions requires a Project Manager to manage the end
to end process delivery.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
SLA requested to the process delivery support for standard products and basic
products shall use a SLA that is in accordance with the standards as set forth
for each product. While for customized solutions and ecosystem solutions, we
use specific SLAs or SLAs that are in accordance with what has been set forth
in a contract.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Service
Assurance</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Standard
products and basic solutions uses standard Service Legal Guarantees (SLG) as
set forth in the product document, while customized solutions and ecosystem
solutions require specific SLGs or SLGs that are in accordance with what has
been set forth in a contract with a customer. For problem handling management,
Telkom uses contact centers managed by each customer segment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Engineers
on Site (EoS) assist in problem handling activities located at the customer&#8217;s
location or at a Telkom office in accordance with the type of allocation. EoS
are divided into 2 (two), namely Shared EoS and Dedicated EoS. Shared EoS may
be utilized by several customers and are usually used to accommodate the needs
of standard products and basic solutions. Further, Dedicated EoS are placed at
the location of a customer to assist the customer in problem handling in
general, as well as to support delivery activities. Meanwhile, the allocation
of dedicated EoS are usually designated for Top Priority Customers and may also
be allocated based on product type as has been applied for customized solutions
and ecosystem solutions. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Customer Protection </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Throughout
2015, we continue to pursue a variety of initiatives and improvements in the
field of products safety management, after-sales warranty and complaints
services to provide convenient and guarantee customers protection, among
others:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Ensuring
that a newly developed product can be the right commercial product that is well
received in the market. We apply a standard guideline for&#160; the implementation
of the incubation process of innovation products through the stages of: idea
submission, customer and idea validation, product validation, business model validation
and market validation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Holding
the principle to ensure that the products and services are of high quality and
able to provide&#160; maximum benefits as well as to contribute to economic growth. </font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Always
upholding the code of conduct in product sales (direct sales), advertising and
promotion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Applying
ethical advertising practices by taking into account the applicable
advertisement code of ethics in Indonesia. </font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Ensuring
that the products and after-sales services are conveniently available to the
public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Supporting
the implementation of fair competition practices and principles.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Always
oriented towards customer satisfaction.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Constantly
striving to meet required benchmarks as stipulated in various Ministerial
Regulations that govern services quality standards, namely the Minister
Regulation regarding Achievement of Local Fixed Line Services, SLJJ Fixed Line,
International Network Fixed Line, Fixed Wireless Access (FWA) Fixed Line, and
Teleponi Internet Services Quality Standards for Public Interest (ITKP). </font></p>

<p style="margin-bottom:.0001pt;margin-left:17.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.05pt;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Providing
compensation if services do not comply with the required benchmarks.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Services Quality Measurement</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Services
quality measurement is performed at several stages in accordance with the
services process. In the process of interaction with distribution channels,
mystery shopping and mystery calling activities are performed to ensure that
the standard of services is implemented with quality and consistency. The
indicator of such measurement is a Service Quality Index which is monitored and
evaluated monthly. Each year, Customer Satisfaction and Loyalty Survey (CSLS)
is perfomed by way of end-to-end method. The measured indicators are </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Customer Satisfaction Index (CSI),
Customer Dissatisfaction Index (CDI) and Customer Loyalty Index (CLI). These
indicators measure customers&#8217; satisfaction level on 4 (four) pillars, which
consist of products, price, promotions and services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
addition to the measurement on those indicators, improvement priorities of the
above four pillars services attributes is mapped, so that an evaluation and
follow-up can be carried out efficiently toward services quality improvement
and customers&#8217; satisfaction.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Services
Quality Improvement Programs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our
programs to improve the quality of services and customer satisfaction include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Higher Speed Same
Price (&#8220;HSSP&#8221;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.4pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HSSP
program is a retention program for customers to upgrade their Speedy Package
one or more level above their current package with a fixed price so that
customers receive a better experience as part our appreciation for loyal
customers. </font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indihome
Suggested Package (ISP)</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The ISP program is an
Indihome bundling package program offered to existing customers by using
&#8220;suggested packages&#8221;, namely certain Indihome packages which are specifically
adjusted for each customer.</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TAM &#8211; Tele
Account Management</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TAM is customer
management for the retail segment. Some customers are managed by one agent in
order to perform caring or selling to such customer.</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Membership</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Membership is a
membership card for loyal customers with a variety of benefits and advantages.
We implement the program with the involvement of a bank (Bank Mandiri). The
benefits and advantages obtained by customers cover:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an offer on Telkom bill payment using
a&#160; Mandiri Credit Card;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an offer on promotional packages to
cross-sell and product upgrade;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a special sales promotion offer for
Mandiri Credit Card customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Integrated
Customer Care Centre (IC3) Tools </font></p>

<p style="margin-bottom:.0001pt;margin-left:24.1pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Is an
innovation that is implemented in order to expedite the handling of disruptions
that occur to corporate customers&#160; that consist of a disruption handling
dashboard and SLG Online. This dashboard can help speed-up the handling of
disruptions process directly, thereby strenghtening Telkom&#8217;s position as the
largest telecommunication services provider that always provides prime and
reliable services as well as providing services in line with its promises to
the customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CRM></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CUSTOMER
RECEIVABLE MANAGEMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We have been
implementing a periodic billing system in accordance with the characteristics
of our products and our customer segments. We provide several modes of payment
to facilitate our telecommunications services customers through host-to-host
payment systems in cooperation with Collecting Agents (&#8220;CA&#8221;), such as national
commercial banks, regional commercial banks, PT Pos Indonesia, employee
cooperatives, convenience stores, and others. Payment can be made in cash or
non-cash. Cash payments can be done through our Telkom Services payment
counters such as the Plasa Telkom counters, Cooperatives, Banks, post offices,
convenience stores and other CA-subs; whereas non-cash payments can be made by
auto debit, credit cards, bank transfers to Telkom&#8217;s account (specific to
corporate customers/OLO), Automated Teller Machines (&#8220;ATMs&#8221;), mobile banking,
internet banking or sources of funds (Mcash or Tcash). Based on the modes of
customer payments, in 2015, the composition of host-to-host Telkom customers
consist of Tellers (40%), ATMs (17%), Post (11%), Auto Debit (16%), Internet Banking
(9%), Phone Banking (3%), Mobile Banking (8.54%), SMS Banking (15.7%), and
Credit Card (0.005%). By the end of 2015, it could be concluded that Tellers,
ATMs and Auto-Debit are still the primary payment mode choice of our customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Specific to
mobile users, Telkomsel, one of our subsidiaries, has implemented a real-time
billing system that is based on an Online Charging System (&#8220;OCS&#8221;), which is
valid for both prepaid and postpaid products. These systems has made it more
convenient for our customers in choosing the method of payment as well as
providing flexibility for Telkomsel to conduct regional/cluster-based pricing.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Previously,
Telkomsel implemented a periodic billing system with a system that is already
centralized, accurate and standardized in all regions. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">k</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">artuH</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">alo&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
postpaid service subscribers receive invoices sent to customers every month to
their respective residential addresses with usage calculations that are based
on: (i) the number of minutes of use for mobile services; (ii) value-added
services that are charged with a certain period of use fee; and (iii) the
subscription fee for basic services and other services. Since the month of July
2013, Telkomsel has provided further convenience for postpaid customers by
implementing e-billing, whereby bill notifications are sent via email.
Telkomsel bill payments can be made by direct payments at Plasa GraPARI outlets
or through ATMs, cash payment through bank tellers, phone banking, internet
banking, mobile banking, credit cards and auto debit. Telkomsel has also been
working closely with CAs, namely National Commercial Banks, Regional
Development Banks and PT Pos Indonesia, that are able to accept payments from </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">k</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">artuH</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">alo&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
customers. Furthermore, customers can also pay through the Tcare website
(https://my.telkomsel.com).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Finance,
Billing and Collection Center unit (&#8220;FBCC&#8221;) plays a role in managing the
billing and payment of accounts receivables from customers who are grouped in
accordance with the customer service management and product segment concept,
using the Telkom Revenue Management System (&#8220;TREMS&#8221;) application. The TREMS
application facilitates customers with various advantages, including, among
others by:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Allowing customers to pay
their bills in all service areas.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accepting cash or non-cash
payments.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Applying Security Deposits
(&#8220;SD&#8221;) to customers who plan to unsubscribe, the amount of which shall be
estimated based on their average bill, warm usage or pro-rate, where the SD
shall be recalculated in the following month&#8217;s bill.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accepting advance payments
for the down payment of the bill to be issued in the following month. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accepting partial payment
for corporate customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accepting payments in
installments.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=calibri,sans-serif lang=EN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom Single Invoice
(&#8220;TSI&#8221;) feature that combines multiple bills from multiple services into one
bill, in addition to various other payment transaction facilities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In the event
that a customer defaults on payment upon the due date, the said customer will
be penalized according to the type of products and services that he or she
subscribes to. Sanctions imposed may include the imposition of late fees,
isolation until the revocation of the services, in accordance with the
provisions contained in the Subscription Contract. Telkom has implemented the
Integrated Dunning Management System (&#8220;IDMs&#8221;) used to provide inaugural billing
information and to place reminding calls regarding the current month&#8217;s bill,
one month arrears and two month arrears. IDMS is also used to produce
electronic billing statements (&#8220;EBS&#8221;), namely the delivery of billing
information to customers via email, as well as the delivery of billing
information via SMS. For corporate customers and OLO, bills are printed out and
sent via special courier.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkomsel,
has its own mechanism with regard to customer receivables collection. For a
payment that has not been received until the maturity date of the bill in
question, Telkomsel imposes sanctions through the cessation of all outgoing
calls. In the event that Telkomsel still does not receive payment within two
months from the date of the bill, the penalty is escalated to the closure of
the relevant customer&#8217;s telephone number. Meanwhile, Telkomsel shall continue
to seek payment from their customers, including through cooperation with debt
collecting partners/institutions. Customers that have closed their customer
numbers but still would like to subscribe to Telkomsel must settle all arrears
and reapply for new mobile services. Telkomsel does not charge late fees or
interests.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FINOV></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FINANCIAL
OVERVIEW</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FPOTI></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FINANCIAL
PERFORMANCE OF TELKOM INDONESIA</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Indonesia has successfully closed 2015 with a
good performance. This was reflected in its total assets, revenue and net
income. Looking briefly, the growth of the key financial performance of Telkom
Indonesia in the last 5 (five) years are as follows.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Total </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">set</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s were </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
17.2% from Rp141,822 billion in 2014 to Rp166,173 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015,
while </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">r</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">evenue </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">were </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increased by 14.2% from in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">89,696
billion in 2014 to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">102,470 billion in 2015. This increas</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e driven a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in the</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> net income </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">by Rp1,018
billion, or 7.0</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, from Rp14,471 billion in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014 become </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp15,489&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FPO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FINANCIAL
POSITION OVERVIEW</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:99.86%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=39% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015-2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Consolidated Statements of Financial Position</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Current Assets</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">39.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">47,912</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,476</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,294</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">33,672</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Non-Current Assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">118,261</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,579</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">107,528</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94,883</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Assets</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">166,173</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,055</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">141,822</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">128,555</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Current Liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">35,413</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,569</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32,318</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29,034</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Non-Current Liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">58.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">37,332</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,708</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23,512</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22,800</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Total Liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">30.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72,745</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,277</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">55,830</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51,834</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Equity attributable to owners of the parent
  company</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">10.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">75,136</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">5,451</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">67,721</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">59,823</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As
of </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">De</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ember
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">31, </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015 </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared
to as of </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">De</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ember
31</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> 2014</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Assets&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, 2015, total assets increase by 17.2%
from Rp141,822 billion in 2014 to Rp166,173 billion (US$12,055 million) in
2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Composition of</font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> A</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font></i></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">set&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current Assets</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015, our</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">
current assets were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">47,912 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> (US$</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">3,476 million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) compare to Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">34,294 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31,
2014. The </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in current assets was mainly due to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in
our cash and cash equivalents Rp10,445 billion, or 59.1% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in time
deposit,</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase in prepaid tax amount
Rp1,782 billion, or 200.2% due to tax incentive policy,</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase in our advances and
prepaid expenses Rp1,106 billion, or 23.4%, and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase in our trade
receivables third parties by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">289&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
miliar, atau </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.7</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This increased was offset
by decreased in tax restitution amounted to Rp225 billion, or 77.3%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Non Current Assets</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 our n</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">on
current assets were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">118,261 billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(US$</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">8,579 million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) and Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">107,528
billion as of December 31,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">was due
to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase in property, plant and equipment-net
accumulated depreciation by Rp8,891 billion, or 9.4%, </font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">advanced
and other non-current asset of Rp674 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">or 10.4%, and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in
intangible assets-net accumulated amortization by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp593 </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">billion
or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">24.1%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Liabilities dan Equity</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31, 2015, total liabilities increase by
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">30.3% from </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">55,830
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in 2014 to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">72,745 billion (US$5,277 million)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current Liabilities</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current liabilities
were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">35,413 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
(US$</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">2,569 million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) a</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">s of
December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 and Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">32,318 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> a</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">s of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> was
primarily due to: </font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp3,036 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion,
or 58.3%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in accrued expenses, related to early termination of
Flexi Tower provision,</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an increase of Rp1,632 billion or
13.2%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in trade payable</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">an </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase of Rp897
billion, or 37.8%, in tax payable.</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This increase was partially offset by
decrease in current maturities on long-term liabilities Rp2,057 billion, or
34.9% and short-term bank loan Rp1,208 billion, or 66.7%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Non Current Liabilities</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">Non current liabilities were </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">37,332 billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(US$</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">2,708 million</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">)&nbsp;</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;"> as of December 31, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2015 </font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">and </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">23,512 billion as of December 31, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2014.&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> The </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> was partially due to increase in bank loans of Rp7,556, or
95.9%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, primarily
contributed by draw down of medium-term loans of Telkomsel amounted to Rp5,061
billion and bond and notes Rp7,260 billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">324.3% related to Telkom bond issued
in 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Equity&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total equity </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">by&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp7,436 billion, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 8.6%, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">from&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp85,992 billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of December 31,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp93,428 billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of December 31,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of equity was primarily the result
of total comprehensive income for the year attributable to owners of the parent
of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp23,948
billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Retained earning increase Rp7,220
billion, or 11.4% and total equity attributable to owner of the parent increase
by Rp7,415 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, or 10.9%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> from Rp67,721 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
as of December 31, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> to Rp75,136 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As
of </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">De</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ember
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">31, </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2014 </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared
to as of </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">De</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ember
31</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> 2013</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Assets&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">T</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">otal assets increase by 10.3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%
from </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp128,555 billion in 2013 to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">141,822
billion in 2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current Assets</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014, our</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">
current assets were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">34,294 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> compare</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> to Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">33,672
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, 2013. The </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
in current assets was mainly due to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">an
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in our cash and cash equivalents by Rp2,976 billion,
or 20.3%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, trade receivable by Rp374
billion, or 5.6%, and Rp796 billion, or 20.2% in our advances and prepaid
expenses. This </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> was partially offset by a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">decrease </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp4,075 billion, or 59.3% in our other current
financial assets</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Non Current Assets</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">As of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014 our n</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">on
current assets were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">107,528 billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">94,883 billion as
of December 31,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2013. This </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">was
due to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase in property, plant and equipment-net
accumulated depreciation by Rp8,048 billion, or 9.3%, </font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An increase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">advanced
and other non-current asset of Rp1,684 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">or 35.1%, </font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in long
term investment-net of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp1,463 </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">billion or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">481.3%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An increase in intangible assets
of Rp955 billion, or 63.3%.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Liabilities dan Equity</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total liabilities </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.7</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">% from Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">51,834
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, 2013 to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">55,830 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current Liabilities</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Current liabilities
were </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">32,318 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> a</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">s of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2014 and Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">29,034
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> a</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">s of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2013.
This </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> was primarily due to: </font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An increase of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp1,378 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion,
or 319.0%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in short-term bank loans</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An increase of Rp806 billion or
15.8%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in current maturities of long-term liabilities</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase of Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">678 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion,
or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">39.9</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%, in t</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ax&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> payable</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An increase of Rp473 billion, or
13.6%, in unearned revenues.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Non Current Liabilities</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">Non current liabilities were </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">23,512 billion as of December 31, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2014 </font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">and </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">22,800 billion as of December 31, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2013.&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> The </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> was partially due to increase in bank loans of Rp2,243, or
39.8%. This increase was partially offset by a </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">decrease&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> in bond and notes of </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rp834 billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, or </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">27.1%.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=SV style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Equity&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total equity </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">by&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp9,271 billion, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 12.1%, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">from&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp76,721 billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of December 31,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2013 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp85,992 billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of December 31,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The increase of equity was primarily
the result of total comprehensive income for the year attributable to owners of
the parent of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp22,041
billion </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, the sale of treasury stock of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp1,969 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">paid in capital </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">by&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Rp576</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> This </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> offset by cash deviden of Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9,943 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion. O</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ur retained earnings </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">increase </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp5,328&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">9.2</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and total equity attributable to
owner of the parent increase by Rp7,898 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, or 13.2%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> from
Rp59,823 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2013&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> to Rp67,721 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> as of December 31, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ISO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">INCOME
STATEMENT </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">OVERVIEW&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table
sets out our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Consolidated </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Statement</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of Profit or Loss and Other Comprehensive Income,
itemized according to our main products and services, for the three years 2015
through 2013. Each item is expressed as a percentage of total revenues or
expenses:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Growth</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Years ended December 31,</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
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 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015 - 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">102,470</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">7,433 </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">100.0 </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">89,696 </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">100.0 </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">82,967 </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">100.0 </font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Telephone revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 45,118</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,272</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 44.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 42,725</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 47.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 41,634</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 50.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cellular</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 37,285</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,70</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 36.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 34,290</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 38.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32,138</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 38.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Usage charges</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 35,803</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,597</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 34.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32,972</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 36.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 30,722</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 37.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Monthly subscription charges</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (23.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 432</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 567</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 730</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Features</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 39.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,050</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 76</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 751</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 686</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fixed lines</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (7.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7,833</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 568</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8,435</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,496</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11.</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Usage charges</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (13.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,635</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 336</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,347</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,453</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Monthly subscription charges</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,821</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 205</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,697</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,682</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Call center</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (5.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 275</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 290</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 119</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 102</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 101</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 242</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interconnection revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (8.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,290</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 311</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,708</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,843</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Domestic interconnection</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (21.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,276</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 165</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,908</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,971</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">International interconnection</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,014</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 146</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,800</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,872</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Data, internet and information technology
  revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 26.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 47,820</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,470</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 46.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 37,808</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 42.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32,877</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 39.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cellular internet and data</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 45.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,665</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,427</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 13,563</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">10,113&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Short Messaging Service (SMS)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15,132</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,098</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,034</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 13,134</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Internet, data communication and information
  technology services</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 24.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12,432</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 902</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,987</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,154</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Pay TV</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 375.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 456</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">33&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 274</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 135</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 10</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 128</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 202</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Network revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (3.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,231</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 89</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,280</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,253</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Leased lines</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 719</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 52</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 610</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 861</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Satellite transponder lease</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (23.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 512</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 670</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 392</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others telecommunication revenues</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 26.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 291</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,175</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,360</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Sales of handset</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 160.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,516</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 110</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 582</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 84</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Tower leased</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 721</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 52</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 700</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 570</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Call center service</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 49.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 668</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 49</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 446</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 205</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">CPE and terminal</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (51.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 221</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 451</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 100</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (11.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 885</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 64</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,401</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=21% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=69% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015 - 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 71,552</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5,191</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 100.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 61,564</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 100.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 57,700</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 100.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Depreciation and amortization expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 18,534</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,345</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17,131</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15,780</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Operations, maintenance and telecommunication
  service expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 26.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 28,116</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,040</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 39.2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 22,288</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 36.</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,332</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 33.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Operations and maintenance</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15,658</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,136</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11,827</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,658</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Radio frequency usage charges</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 13.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,626</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 263</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,207</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,098</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Concession fees and USO charges</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 22.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,230</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 162</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,818</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,595</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Electricity, gas and
  water</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (14.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,014</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 74</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,180</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,063</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cost of handset sold</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 254.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,493</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 108</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 421</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 153</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cost of SIM cards and vouchers</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (27.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 444</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 610</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 599</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cost of IT services</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 147.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 882</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 64</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 357</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 677</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Leased lines and CPE</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 82.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,384</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 758</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 440</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Vehicles rental and supporting facilities</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 296</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 272</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 282</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Insurance</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (6.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 312</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 335</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 374</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Management project</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (35.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 117</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 180</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 138</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Tower rent</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (39.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 646</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,065</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,166</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (94.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 258</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 89</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Personnel
  Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11,874</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 861</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,787</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9,733</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Salaries and related benefits</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,052</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 294</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,759</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,553</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Vacation pay, incentives and other benefits</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4,225&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 307</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,182</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,252</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Employees' income
  tax</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 23.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,632</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 118</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,317</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,160</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Early retirement
  program</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">100.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 683</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 50</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Pension benefit cost</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (33.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 432</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 31</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 654</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 873</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Housing</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (5.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 212</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 224</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 220</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">LSA expenses</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 152</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 115</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Insurance</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 40.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 138</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 98</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 92</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Post employment healthcare benefit cost</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (12.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 216</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 248</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">374&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other employee benefits cost</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (5.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 53</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 56</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 71</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other post-employement benefit cost</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (2.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 47</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 48</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 66</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (62.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 86</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 53</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interconnection Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (26.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,586</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 260</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,893</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,927</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Domestic interconnection and access</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (35.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,351</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 17</font><font face="Times New Roman" style="font-size:9.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,639</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,720</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">International interconnection</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (1.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,235</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 90</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,254</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,207</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Marketing
  Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,275</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 238</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,092</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,044</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">General and Administrative Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,204</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 305</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3,963</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,155</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">General and Administrative Expenses</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,032</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 75</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 967</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 675</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Provision for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 28.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,010</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 73</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 784</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,589</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Training, education and recruitment</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (25.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 393</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 28</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 528</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 412</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Collection expenses</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (0.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 368</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 369</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 340</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Travelling</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (2.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 347</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 355</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">341&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Professional fees</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 59.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 424</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 31</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 266</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 272</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Meeting</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 163</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 162</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 138</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Security and
  screening</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (22.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 81</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 104</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 93</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Social contribution</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 116</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 85</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (18.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 270</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 332</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 210</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=21% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=69% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015 - 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Lost on foreign exchange - net</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 228.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 46</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 249</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other expenses</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 384.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,917</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 139</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 396</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 480</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 0.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other income</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 39.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 109</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,074</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,579</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Operating Profit</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 11.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 32,418</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,351</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 29,206</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27,846</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Finance income</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 13.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,407</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 102</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,238</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 836</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Finance costs</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 36.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (2,481</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (180</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (1,814</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (1,504</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Share of loss of associated companies</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (88.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Profit before
  Income Tax</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 31,342</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 2,273</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 28,613</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 27,149</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Income Tax Expenses</font><font face="Times New Roman" style="font-size:9.0pt;"> - </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Net&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (8,025</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (582</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (7,339</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (6,859</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Profit for the
  Year</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 9.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 23,317</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,691</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21,274</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20,290</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other Comprehensive Income (Expenses) - Net</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> (17.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 631</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 46</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 112</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Net Comprehensive Income for the Year</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 8.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 23,948</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,737</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 22,041</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 20,402</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Profit for the year attributable to owners of
  the parent company</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15,489</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,123</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,471</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,205</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Profit for the year atributable to  non-controlling
  interest</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">15.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">7,828</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">568</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">6,803</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">6,085</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Net comprehensive income for the year
  attributable to owners of the parent company</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 5.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 16,130</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1,170</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15,296</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 14,317</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Net comprehensive income for the year attributable
  to non-controlling interest</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 7,818</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 567</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,745</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6,085</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Profit per share</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.5</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 15</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">7.77&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">11.45</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">148.13</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">147.42</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> -</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Year ended
December 31, 2015 compared to year ended December 31, 2014</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenues&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total revenues increased by Rp12,774 billion, or
14.2%, from Rp89,696 billion in 2014 to Rp102,470 billion (US$7,433 million) in
2015. The increase in revenues in 2015 was due to the increase in data internet
and information technology service revenues</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">cellular
telephone revenues, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and to a lesser
extent others telecomunication services revenues.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cellular Telephone Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cellular telephone revenues increased by Rp2,995
billion, or 8.7%, from Rp34,290 billion in 2014 to Rp37,285 billion (US$2,704
million) in 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Usage charges increased by Rp2,831 billion, or 8.6%,
from Rp32,972 billion in 2014 to Rp35,803 billion in 2015 due to an increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8.6</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in
both our prepaid and postpaid subscriber. Revenues from features increased by
Rp299 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> or 39.8%, from Rp751 billion in 2014 to Rp1,050
billion in 2015 due to increase in usage features by our subscribers. This
increase offset by decreased of monthly subscription charges by Rp135 billion,
or 23.8%, from Rp567 billion in 2014 to Rp432 billion in 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our total cellular telephone revenues accounted for
36.3% of our consolidated revenues for the year ended December 31, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed Lines Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed lines revenues decreased by Rp602 billion, or
7.1%, from Rp8,435 billion in 2014 to Rp7,833 billion (US$568 million) in 2015.
The decrease in fixed lines revenues due to decrease in usage charges of Rp712
billion, or 13.3%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">caused by a decrease in local and domestic long
distance usage. The decrease mainly contributed by termination Flexi.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Th</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">is decreased</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> was partially offset by an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase of monthly subscription amounted to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">124 billion, or 4.6%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data, Internet and Information
Technology Services Revenues </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our data, internet and information technology service
revenues accounted for 46.6% of our consolidated revenues for the year ended
December 31, 2015, compared to 42.2% for the year ended December 31, 2014</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data, internet and information technology service
revenues increased by Rp10,012 billion, or 26.5%, from Rp37,808 billion in 2014
to Rp47,820 billion (US$3,470 million) in 2015. This increase was primarily due
to an increase in revenues from internet, data communication and information
technology services by Rp2,445 billion, or 24.5%, which was driven primarily by
IndiHome subscribers, and data cellular and internet revenue</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">from
Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6,102 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion, or
45.0% due to a growth in mobile broadband usage from 31.2 million subscribers in
2014 to 43.8 million subscribers in 2015 related to high adoption of smartphone
(3G/4G). </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMS Revenues increased by Rp1,098 billion, or 7.8%,
from Rp14,034 billion in 2014 to Rp15,132 billion in 2015 driven from
successful implementation of cluster-based pricing.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection revenues comprised interconnection
revenues from our fixed line network and interconnection revenues from Telkomsel&#8217;s
mobile cellular network. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">nclud</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ing
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">incoming international long-distance
revenues from our IDD service (TIC-007). </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection revenues decreased by Rp418 billion,
or 8.9%, from Rp4,708 billion in 2014 to Rp4,290 billion (US$311 million) in
2015 primarily due to a decrease in domestic interconnection by Rp632 billion,
or 21.7. This decrease offset by increase of international interconnection
revenues amounted to Rp214 billion, or 11.9%.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Network Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Network revenues decreased by Rp49 billion, or 3.8%,
from Rp1,280 billion in 2014 to Rp1,231 billion (US$89 million) in 2015
primarily due to an decrease in our satellite transponder lease revenue by
Rp158 billion, or 23.6%, from Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">670&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion in 2014 to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">512&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion in
2015, it was partly offset primarily by increase in leased line amounted to
Rp109 billion, or 17.9%. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Telecommunications Services
Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, revenues from other telecommunications
service increased by Rp836 billion, or 26.3%, from Rp3,175 billion in 2014 to
Rp4,011 billion (US$291 million) in 2015. The increase was primarily due to an
increase in sales of handset by Rp934 billion, or 160.5% and an increase in
call centre revenues by Rp222 billion, or 49.8%, it was </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">partly offset by</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> decrease in CPE revenues b</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">y Rp230
billion, or 51.0%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Income</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other income increased by Rp426 billion, from Rp1,074
billion in 2014 to Rp1,500 billion (US$109 million) in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Expenses&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total expenses increased by Rp9,988 billion, or 16.2%,
from Rp61,564 billion in 2014 to Rp71,552 billion (US$5,191 million) in 2015. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">For futher explaination as shown below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Composition of Expenses </font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operations, Maintenance and
Telecommunication Service Expenses </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operations, maintenance and telecommunication service
expenses increased by Rp5,828 billion, or 26.1%, from Rp22,288 billion in 2014
to Rp28,116 billion (US$2,040 million) in 2015. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The increase in operations, maintenance and telecommunication
service expenses was primarily attributable</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operations and maintenance
increase by Rp3,831 billion, or 32.4%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> due to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> in expenses associated with network maintenance to improve our mobile </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cellular </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and IndiHome </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">business&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> performance</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Cost of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">handset
sold</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> increase by Rp1,072 billion,
or 254.6%, from Rp421 billion in 2014 to Rp1,493 billion in 2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. The increase was </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">due
to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> increase of</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> modem and terminal bundling program</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Leased lines and CPE increased by Rp626 billion, or
82.6%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> used for operation and maintenance of leased lines.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This increased were offset by decreased</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">tower
leased by Rp419 billion, or 39.3% and other expenses by Rp244 billion, or
94.6%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Depreciation and Amortization
Expenses</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Depreciation and amortization</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">expenses
increased by Rp1,403 billion, or 8.2%, from Rp17,131 billion in 2014 to
Rp18,534 billion (US$1,345 million) in 2015, primarily due to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> an </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;">increase in property, plan and equiptment to improving our service to
customers </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> accelerate fixed wireless business
assets, fixed wireless assets has been fully depreciated amounted to Rp545
billion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personnel Expenses </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Personnel expenses increased by Rp2,087 billion, or
21.3%, from Rp9,787 billion in 2014 to Rp11,874 billion (US$861 million) in
2015 due to a increased by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1,043&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">32.8</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> in
incentive and other benefit expenses, in line with company&#8217;s performance and</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase
in early retirement program by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">683&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">T</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">his resulted in</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> increase in employees income tax by Rp315
billion, or 23.9% from Rp1,317 in 2014 to Rp1,632 billion in 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection Expense</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection expense decreased by Rp1,307 billion,
or 26.7%, from Rp4,893 billion in 2014 to Rp3,586 billion (US$260 million) in
2015 primarily due to an decrease of Rp1,288 billion, or 35.4% in domestic
interconnection and transit, and international interconnection expense by Rp19
billion, or 1.5% in result of inter operator discount tariff</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Marketing Expense</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Marketing expenses increased by Rp183 billion, or
5.9%, from Rp3,092 billion in 2014 to Rp3,275 billion (US$238 million) in 2015
due to an increase in advertising and promotion expenses by Rp142 billion, or
5.9%, due to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">selective </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">use
of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">media for promotion and increased
group synergy in marketing our products, mainly promotion in 4G LTE and IndiHome
Triple Play</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">General and Administrative Expense</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General and administrative expense</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increased
by Rp241 billion, or 6.1%, from Rp3,963 billion in 2014 to Rp4,204 billion
(US$305 million) in 2015 primarily due in part</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to an increase in provision for doubtful impairment
of receivables by Rp226 billion, or 28.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">8</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Gain (loss)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> on Foreign Exchange - net</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Loss </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">on
foreign exchange - net increased by Rp32 billion, from Rp14 billion in 2014 to
Rp46 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (US$3 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">million</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">)
&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;in 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">h.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Expenses</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other expenses increased by Rp1,521 billion, from
Rp396 billion in 2014 to Rp1,917 billion (US$139 million) in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operating Profit and Operating Profit Margin</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As a result of the foregoing, operating profit
increased by Rp3,212 billion, or 11.0%, from Rp29,206 billion in 2014 to
Rp32,418 billion (US$2,351 million) in 2015. Operating profit margin decreased
from 32.6% in 2014 to 31.6% in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit before Income Tax
and Pre-Tax Margin</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As a result of the foregoing, profit before income tax
increased by Rp2,729 billion, or 9.5%, from Rp28,613 billion in 2014 to
Rp31,342 billion (US$2,273 million) in 2015. Pre</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">tax margin
decreased from 31.9% in 2014 to 30.6% in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Income Tax Expense</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Income tax expense increased by Rp686
billion, or 9.3%, from Rp7,339 billion in 2014 to Rp8,025 billion (US$582
million) in 2015, in line with the increase in profit before income tax.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Comprehensive Income </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other comprehensive income decreased
by Rp136 billion, or 17.7%, from Rp767 billion in 2014 to Rp631 billion (US$46
million) in 2015 was offset by decreased in </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">actuarial gain</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> amounted Rp236 billion, or 31.8%.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">7.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for
the Year Attributable to Owners of the Parent Company</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for the year attributable to owners of the
parent company increased by Rp1,018 billion, or 7.0%, from Rp14,471 billion in
2014 to Rp15,489 billion in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for
the Year Attributable to Non-controlling Interest</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for the year attributable to
non-controlling interest increased by Rp1,025 billion, or 15.1%, from Rp6,803
billion in 2014 to Rp7,828 billion (US$568 million in 2015.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net Comprehensive Income
for the Year </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net comprehensive income for the year
increased by Rp1,907 billion, or 8.7%, from Rp22,041 billion in 2014 to
Rp23,948 billion&#160; (US$1,737 million) in 2015.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">10.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net Income per Share </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net income per share increased by Rp9.64, or 6.5%,
from Rp148.13 in 2014 to Rp157.77 in 2015.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Year ended
December 31, 2014 compared to year ended December 31, 2013</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenues &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total revenues increased by Rp6,729 billion, or 8.1%,
from Rp82,967 billion in 2013 to Rp89,696 billion in 2014. The increase in
revenues in 2014 was primarily contributed by data internet and information
technology service revenues</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">cellular telephone revenues, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and, to a lesser extent others telecomunication
services revenues.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Composition of Revenues </font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cellular Telephone Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cellular telephone revenues increased by Rp2,152
billion, or 6.7%, from Rp32,138 billion in 2013 to Rp34,290 billion in 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Usage charges increased by Rp2,250 billion, or 7.3%,
from Rp30,722 billion in 2013 to Rp32,972 billion in 2014 due to an increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.9</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in
both our prepaid and postpaid subscriber, also due to increasing of our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">local and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">long
distance usage. Revenues from features increased by Rp65 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> or 9.5%,
from Rp686 billion in 2013 to Rp751 billion in 2014 due to increase in usage
features by our subscribers. Monthly subscription charges decreased by Rp163
billion, or 22.3%, from Rp730 billion in 2013 to Rp567 billion in 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our total cellular telephone revenues accounted for
38.2% of our consolidated revenues for the year ended December 31, 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed Lines Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed lines revenues decreased by Rp1,061 billion, or
11.2%, from Rp9,496 billion in 2013 to Rp8,435 billion in 2014. The decrease in
fixed lines revenues due to decrease in fixed </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">wire</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">line revenue
and fixed wireless revenues by 5.1% and 59.9%. The decrease was primarily due
to decrease in usage charges of Rp1,106 billion, or 17.1%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">caused by a
decrease in local and domestic long distance usage.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Th</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e decreased in fixed line</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
revenues</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> was partially offset by
an increased in our call center revenues by Rp171 billion, or 143.7%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data, Internet and Information
Technology Services Revenues </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our data, internet and information technology service
revenues accounted for 42.2% of our consolidated revenues for the year ended
December 31, 2014, compared to 39.6% for the year ended December 31, 2013.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data, internet and information technology service
revenues increased by Rp4,931 billion, or 15.0%, from Rp32,877 billion in 2013
to Rp37,808 billion in 2014. This increased was primarily due to an increase in
revenues from cellular internet by Rp3,450 billion, or 34.1% </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">primarily from an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increase&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">80.7%&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Flash&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> subscribers </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">from 17.3 million subscribers in 2013 to 31.2 million subscribers in
2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMS Revenues increased by Rp900 billion, or 6.9%, from
Rp13,134 billion in 2013 to Rp14,034 billion in 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection revenues comprised interconnection
revenues from our fixed line network and interconnection revenues from
Telkomsel&#8217;s mobile cellular network. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">nclud</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ing </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">incoming
international long-distance revenues from our IDD service (TIC-007). </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection revenues decreased by Rp135 billion,
or 2.8%, from Rp4,843 billion in 2013 to Rp4,708 billion in 2014 primarily due
to a decrease
in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">incoming&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> call</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s
to our subcribers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Network Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Network revenues increased by Rp27 billion, or 2.2%,
from Rp1,253 billion in 2013 to Rp1,280 billion in 2014 primarily due to an
increase in our satellite transponder lease revenue by Rp278 billion, or 70.9%,
from Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">392&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion in 2013 to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">670&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion in
2014 as result of an increase in satellite transponder capacity lease by 18,4%
from 3.007 million MHz in 2013 to 3.560 million MHz in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Telecommunications Services
Revenues</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2014, revenues from other telecommunications
service increased by Rp815 billion, or 34.5%, from Rp2,360 billion in 2013 to
Rp3,175 billion in 2014. The increase was primarily due to an increase in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CPE revenue</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
by Rp351 billio</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">n, or 351.0%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and sales of handset by Rp498 billion, or 592.9%. I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">t </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">was </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">partly offset </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">by&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> decreased in other revenues amounted to Rp405
billion, or 28.9% due to a decreased in USO compensation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Income</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other income decreased by Rp1,505 billion, from
Rp2,579 billion in 2013 to Rp1,074 billion in 2014 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">as we had </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">recognized
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">gain on </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">the&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> sale of 80% of our ownership in PT Indonusa.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Expenses &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total expenses increased by Rp3,864 billion, or 6.7%,
from Rp57,700 billion in 2013 to Rp61,564 billion in 2014. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">For futher explaination as shown below</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Composition of Expenses</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operations, Maintenance and
Telecommunication Service Expenses </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operations, maintenance and telecommunication service
expenses increased by Rp2,956 billion, or 15.3%, from Rp19,332 billion in 2013
to Rp22,288 billion in 2014. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The increase in operations, maintenance and
telecommunication service expenses was primarily attributable</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> the
following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operations and maintenance
of Rp2,169 billion, or 22.5%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> due to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">crease in expenses associated with network maintenance to improve our mobile </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cellular business</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> performance</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Leased lines and CPE increased by Rp318 billion, or
72.3%</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> used for operation and maintenance of leased lines as
a result of an increase</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> in projects from our corporate customers</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Cost of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">handset&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> increase by Rp268 billion, or 175.2%, from
Rp153 billion in 2013 to Rp421 billion in 2014 due to modem and terminal bundling
program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The above increases were offset by decreased</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> in c</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ost
of IT services by Rp320 billion, or 47.2%, from Rp677 billion in 2013 to Rp357
billion in 2014 due to efficiency gains as a result of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of using </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">integrated
system.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Depreciation and Amortization
Expenses</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Depreciation and amortization</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">expenses
increased by Rp1,351 billion, or 8.6%, from Rp15,780 billion in 2013 to
Rp17,131 billion in 2014, primarily due to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> an </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;">increase
in depreciation expense </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">related to
switching equipment </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">an&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;"> efforts </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">improving&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;"> service to customers</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and by our</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;"> allowance for impairment
losses of fixed assets due to changes in business strategies for our fixed
wireless </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">line.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Personnel Expenses </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Personnel expenses increased by Rp54 billion, or 0.6%,
from Rp9,733 billion in 2013 to Rp9,787 billion in 2014 due to a increased in
salaries and related benefits by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">206&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5.8</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, due
to increased personnel amount by 1.37% in 2013 from 25,011 people to 25,284
people in 2014. This resulted an increased in employees&#8217; income tax by Rp157
billion, or 13.5% from Rp1,160 billion in 2013 to Rp1,317 billion in 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This increased </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">was&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> offset by decreased in net
periodic post-retirement health care benefits costs amounted to Rp126 billion,
or 33.7% and decreased in net periodic pension costs by Rp219 billion, or 25.1
according to actuarial accounting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection Expense</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Interconnection expense decreased by Rp34 billion, or
0.7%, from Rp4,927 billion in 2013 to Rp4,893 billion in 2014 primarily due to
an decrease of Rp81 billion, or 2.2% in domestic interconnection and transit
interconnection expense</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Marketing Expense</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Marketing expenses increased by Rp48 billion, or 1.6%,
from Rp3,044 billion in 2013 to Rp3,092 billion in 2014 due to an increase of
Rp80 billion, or 15.1% in customer education expenses</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily for
our broadband service. The increase was offset by decrease in advertising and
promotion expenses by Rp18 billion, or 0.7%, due to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">selective </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">use of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">media
for promotion and increased group synergy in marketing our products</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">General and Administrative Expense</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General and administrative expense</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">decreased
by Rp192 billion, or 4.6%, from Rp4,155 billion in 2013 to Rp3,963 billion in
2014 primarily due in part</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to an
decrease in provision for doubtful impairment of receivables by Rp805 billion,
or 50.7%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">This decreased was partially offset with an increase
in general expense by Rp292 billion, or 43.3% and also an in our training,
education and recruitment expense by Rp11</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">6</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, or&#160; 28.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Gain (loss)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> on Foreign Exchange - net</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Loss </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">on
foreign exchange - net decreased by Rp235 billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">94.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, from
Rp249 billion in 2013 to Rp14 billion in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">h.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Expenses</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other expenses decreased by Rp84 billion, or 17.5%
from Rp480 billion in 2013 to Rp396 billion in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operating Profit and Operating Profit Margin </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As a result of the foregoing, operating profit
increased by Rp1,360 billion, or 4.9%, from Rp27,846 billion in 2013 to
Rp29,206 billion in 2014. Operating profit margin decreased from 33.6% in 2013
to 32.6% in 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit before Income Tax
and Pre-Tax Margin </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As a result of the foregoing, profit before income tax
increased by Rp1,464 billion, or 5.4%, from Rp27,149 billion in 2013 to
Rp28,613 billion in 2014. Pre</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">tax margin increased from 32.7% in 2013 to 31.9% in 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Income Tax Expense </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Income tax expense decreased by Rp480
billion, or 7.0%, from Rp6,859 billion in 2013 to Rp7,339 billion in 2014, in
line with the increase in profit before income tax.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Comprehensive Income </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Other comprehensive income increased
by Rp655 billion, or 584.8%, from Rp112 billion in 2013 to Rp767 billion in
2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">7.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for
the Year Attributable to Owners of the Parent Company</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for the year attributable to owners of the
parent company increased by Rp266 billion, or 1.9%, from Rp14,205 billion in
2013 to Rp14,471 billion in 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">8.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for
the Year Attributable to Non-controlling Interest</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit for the year attributable to
non-controlling interest increased by Rp718 billion, or 11.8%, from Rp6,085
billion in 2013 to Rp6,803 billion in 2014.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Comprehensive Income for
the Year </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Comprehensive income for the year
increased by Rp1,639 billion, or 8.0%, from Rp20,402 billion in 2013 to
Rp22,041 billion in 2014.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">10.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net Income per Share </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net income per share increased by Rp0.7, or 0.5%, from
Rp147.42 in 2013 to Rp148.13 in 2014</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CFSO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CASH
FLOW STATEMENT</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> OVERVIEW</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table
sets out information concerning our consolidated cash flows, as set out in (and
prepared on the same basis as) our Consolidated Financial Statements:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=38% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Growth</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">As of Desember 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015-2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Net Cash</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">provided by operating activities</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15.7</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">43,669</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,168</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">37,736</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">36,574</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">used in investing activities</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.8</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(27,421</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(1,989</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(24,748</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(22,702</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">used in financing activities</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(36.5</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(6,407</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(465</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(10,083</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(13,327</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Net increase in cash and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">238.8</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">9,841</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">714</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">2,905</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">545</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Effect of exchange rate changes on cash and cash
  equivalents</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">750.7</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">604</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">44</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">71</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,039</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Cash and cash equivalents at beginning of year</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">20.3</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,672</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">1,282</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">14,696</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">13,118</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Ending balance of disposed subsidiary</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">(6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Cash and cash equivalents at end of year</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">59.1</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">28,117</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">2,040</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,672</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">14,696</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Year ended December 31, 2015 compared to year ended December 31, 2014</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of December 31, 2015, total cash and
cash equivalent amounted to Rp28,117 billion, increase by Rp10,445 billion, or
59.1% compared to 2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In 2015, operating activity
accounted for the largest cash receipts Rp102,663 billion, or 82.7%, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">followed by financing activity amounted to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">20,634&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">16.6% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and investing activity amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp906&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">0.7. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
total, cash receipts increase by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp13,859
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">12.6%&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> compared
to 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The majority of cash used for
operating activities amounted to Rp58,994
billion, or 51.6%
investment activities amounted to Rp28,327
billion, or 24.8% and
financing activities amounted to Rp27,041 billion,
or 23.6% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. Compared to
2014, cash disbursement increase by </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp6,923&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">6.4%.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Cash Flows from
Operating Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash provided by operating
activities in 2015 was Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">43,669 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (US$</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">3,168&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> million) compared to Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">37,736&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion in 2014. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash receipts from operating
activities amounted to Rp102,663 billion, increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp12,300 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">13.6% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. The source of fund are:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash receipts from customers and
other operation amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp100,702&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion, which increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp11,575 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion,
or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">13.0%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">I</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">nterest income received </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,386&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, which increased </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp150 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 12.1%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash disbursements from operating
activities amounted to Rp58,994 billion, increase by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp6,367 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">12.1% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. Cash disbursements included
primarily the following :</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash disbursements for expenses
amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp35,922&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, which increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp2,798 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">8.4%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash disbursements for employees amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp10,940 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion,
which increased by</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
Rp1,346</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 14.0%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Payment for income tax amounted by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp9,299 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">which increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,863 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 25.1%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flows from Investing Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash flows used in investing activities in 2015
was Rp27,421 billion (US$1,989 million) compared to Rp24,748 billion in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash receipts from investing
activities amounted to Rp906 billion, decrease by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp6,006 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">86.9% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. The cash receipts from investing
activities came from:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">P</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">roceeds
from sale of property and equipment</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp733&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion, which increased</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> by Rp232 billion, or 46.3%</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Claim for insurance amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp119 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which decreased
by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Rp93 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion, or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">43.9</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">%.&nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash disbursements from investing
activities amounted to Rp28,327 billion, decrease by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp3,333 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">10.5% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. Cash disbursements were used for:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Acquisition of property and equipment
amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp26,499
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">which increased by</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> Rp1,701 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
6.9%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Acquisition of intangible assets
amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,439
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> which increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp111
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 8.4%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Placement of time deposit
amounted to Rp146 billion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flows from Financing Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash flows used in financing activities </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp6,407
billion (US$465 million) in 2015 compared </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">with </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp10,083
billion in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash receipts from financing
activities amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp20,634
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, which increased
by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp7,565 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">57.9% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. The source of fund aThe cash
receivetes from financing activites came from:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Proceeds from long-term bank loan
amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp10,698
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, which increased
by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp4,072&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">61.5%&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> compared to 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Proceed from short-term amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp2,558 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion,
which decreased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,022&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
28.5%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> compared to 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Proceed from obligation amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp6,985 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Proceed from sale of treasury stock
amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp68
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash disbursements from financing
activities amounted to Rp27,041 billion, which increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp3,889 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion, or </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">16.8% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared to 2014. Cash disbursements included
primarily the following:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash deviden paid to the Company&#8217;s
stockholders and to non-controlling stockholders of subsidiaries amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp8,783 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion
and </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp7,831 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Repayment two step and bank loan
amounted Rp4,749 billion, which increased by Rp211 billion, or 4.6%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Repayment of short-term amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp3,987 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion,
which decreased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,740&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
77.4%</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Payment for bonds amounted to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp1,005 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Year ended December 31, </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2014&nbsp;</font></b><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;"> compared to year ended December 31, </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2013&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:top;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:12.0pt;">In 2014, operating
activity accounted for the largest cash receipts Rp90,363 billion, or 81.9% of
total, an increased compared to Rp82,768 billion in 2013, in line with
increased in cash receipts from customers. Cash receipts from financing
activities amounted to Rp13,069 billion and investing activities Rp6,912
billion in 2014 compared to Rp5,956 billion and Rp1,654 billion in 2013. This
increased was primarily due to time deposit and bank loans.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;vertical-align:top;"><font color=#263238 face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The majority of cash</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> disbursement</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> used for operating activities amounted to Rp52,627
billion, or 49.0%, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">from total expenses in
2014 for personnel, operation and maintenance </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">followed by expenditures for investment activities
amounted to Rp31,660 billion, or 29.5%,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
was partly acquired to acquisition of property an equiptment </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and financing activities amounted to Rp23,152
billion, or 21.5% </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">for cash dividend paid and bank loans</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Cash Flows from
Operating Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash provided by operating
activities in 2014 was Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">37,736 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (US$</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">3,047</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">million) compared to Rp</font><font color=windowtext face="Times New Roman" lang=SV style="font-size:10.0pt;">36,574&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion in 2013. The increase was primarily due to an increase of Rp7,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">407 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion
in cash receipts from customers and other operator</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> and our interest income receiv</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">d </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">was increased by </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">404&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, or 48.6%</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This was partially offset by an increase </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">cash payment </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">for expense</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">707
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> or 20.7%,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> and increase in payment for tax</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">es&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> of Rp493 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and payment for interest cost of
Rp435 billion, or 29.5%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flows from Investing Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash flows used in investing activities in 2014
was Rp24,748 billion (US$1,999 million) compared to Rp22,702 billion in 2013.
This increase was primarily due to an increase of Rp5,845, or 28.8% billion in
acquisition of property and equipment and intangible assets, placement in escrow
account by Rp2,121 billion, or 100%, acquisition of long-term investments by
Rp1,467 billion, or 7,335.0% and increased in advances for purchases of
property and equipment by Rp1,033 billion. This was partially offset by Rp6,178
billion on our proceed in time deposit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flows from Financing Activities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash flows used in financing activities was
Rp10,083 billion (US$814 million) in 2014 compared with Rp13,327 billion in
2013. This decreased was due to an increased in proceed from loan and other borrowing
by Rp7,089 billion, or 195.5%. This decreased was offset by an increase in cash
dividends paid to our stockholders by Rp2,384 billion, or 18.3% and payment
from loan and other borrowings by Rp1,485 billion, or 23.8%.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=OIRFO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">OTHER
INFORMATION RELATED TO FINANCIAL OVERVIEW</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=OBLIG></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Obligation</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">A.</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">Contractual
Obligation</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table sets forth information on certain
of our material contractual obligations as of December 31, 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td rowspan=3 valign=bottom width=37% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Contractual Obligations</font></b></p>
  </td>
 <td colspan=9 valign=bottom width=63% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">By Payment Due Dates</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Less than 1 year</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">1-3 years</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">3-5 years</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">More than 5 years</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Long-Term Debts<sup>(1)(5)</sup></font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29,430</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,201</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,423</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,961</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,845</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Capital Lease Obligations<sup>(2)</sup></font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,580</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">641</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,296</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,210</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,433</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Interest on Long-term Debts and Capital Lease
  Obligation<sup>(6)</sup></font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,845</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,066</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,793</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,912</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,074</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Operating Leases<sup>(3)</sup></font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">42,464</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,948</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,439</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,791</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18,286</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=37% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Unconditional Purchase Obligations<sup>(4)</sup></font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,061</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,061</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">109,380</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">26,917</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">31,951</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">14,874</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">35,638</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(1) see notes 17-20 to our Consolidated Financial
  Statements</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(2) related to the leases of the slot of the tower,
  property and equipment under RSA, transmission installation and equipment,
  data processing equipment, office equipment, vehicles and CPE assets</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(3) related primarily to leases of leased line,
  telecommunication equipment and land and building </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(4) capital expenditure committed under contractual
  arrangements </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(5) excludes the related contractually committed interest
  obligations </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(6) see &quot;risk management - risk factors - we are
  exposed to interest rate risk&quot;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(7) Less than 1 year = 2015, 1-3 years = 2016-2017,
  3-5 years = 2018-2019. more than 5 years = 2020 thereafter</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">See
Note 39 to our Consolidated Financial Statements
for further details on our contractual commitments. In addition to the above
contractual obligations, as of December 31, 2015, our</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> contribution Rpnil for defined benefit plan program
and Rp15 billion for post-healthcare benefit program rupiah</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">. See </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Notes </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">33 and 35 to our Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">B.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Indebtedness&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:5.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Consolidated total indebtedness consisting of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">short-term and long-term loans and other
borrowings </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as of December 31, 2015, 2014
and 2013 were as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=7 valign=bottom width=67% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">As of Desember 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Indonesia Rupiah</font></b><sup><font face="Times New Roman" style="font-size:9.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31,041</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,252</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,013</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,543</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">US Dollar</font></b><sup><font face="Times New Roman" style="font-size:9.0pt;">1&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,779</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">202</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,643</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,734</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Japanese Yen</font></b><sup><font face="Times New Roman" style="font-size:9.0pt;">2&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">792</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">57</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">796</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">979</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b><sup><font face="Times New Roman" style="font-size:9.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,612</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,511</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23,452</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,256</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(1) The amounts as of December 31, 2012, 2013 and 2014
  translated into Rupiah at Rp12,170, Rp12,385 and Rp13,785 = US$1,
  respectively, being the Reuters average rates for US Dollar at each of those
  dates</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">(2) The amounts as of December 31, 2012, 2013 and 2014
  translated into Rupiah at Rp115.77, Rp103.59 and Rp114,52 = Yen 1,
  respectively, being the Reuters average rates for Yen at each of those dates</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Of our total indebtedness, as of December 31, 2015, </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">444 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">Rp12,719 billion, Rp7,171 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">billion and Rp10,278 billion were scheduled for
repayment in 2016, 2017-2018, 2019-2020 and thereafter, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Composition of Indebtedness</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">For
further information on our Company&#8217;s indebtedness, see Notes 16-20 to our
Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=ES style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=LIQUID></a><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Liquidity</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">A.</font></b><b><font face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Liquidity
Sources</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">The main source of our corporate liquidity is cash
provided by operating activities and long-term debt through the capital markets
as well as long-term and short-term loans through bank facilities. We divide
our liquidity sources into internal and external liquidity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">1.</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Internal Liquidity
Sources</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">To fulfill our obligations we rely primarily on our internal liquidity. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">a</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">s of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">, we had </font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Rp28,117 </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">billion in cash and cash equivalents available</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,
which increased by Rp10,445 billion compared to Rp17,672 billion as of December
31, 2014</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">Cash receipts primarily from customer amounted to Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">98,002 billion</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, are used for payment of operational expenses, acquisition property,
plan and equiptment, long-term investment, payment of short-term bank loan and
obligation. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">Our internal liquidity
strength </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">is </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">reflected in our current ratio, which we calculate as current assets divided by current liabilities</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, maintain over 100%. As of December 31, 2015, our curent ratio was </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">to </font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">135.3% </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">compared to </font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">106.1%&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> as of December 31,
2014.</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">2.</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">External Liquidity
Sources</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Our primary external sources of liquidity are short and long-term bank loans, bonds and notes payable, and two-step
loans. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2015
we used external liquidity</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;"> of Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">20.561&nbsp;</font><font face="Times New Roman" lang=NO-BOK style="font-size:10.0pt;line-height:normal;"> billion</font><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">B.</font></b><b><font face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">External </font></b><b><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">Outstanding Liquidity Sources</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">As of December 31, 201</font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, w</font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">e had undrawn loan facilities which
include the following sources of unused liquidity:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">CIMB
Niaga loan facility in the amount of Rp582 billion;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">BNI
loan facility in the amount of Rp2,572 billion;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Bank
Ekonomi Raharja loan facility in the amount of Rp41 billion;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=IN style="font-size:10.0pt;">The
Bank of Tokyo Mitsubishi UFJ, Ltd</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> loan facility in the amount of Rp</font><font face="times new roman" lang=IN style="font-size:10.0pt;">380&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font face="times new roman" lang=SV style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=IN style="font-size:10.0pt;">PT
Bank Sumitomo Mitsui Indonesia</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> loan facility in the amount of Rp</font><font face="times new roman" lang=IN style="font-size:10.0pt;">380&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font face="times new roman" lang=SV style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=IN style="font-size:10.0pt;">Bank
ANZ</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">
loan facility in the amount of Rp</font><font face="times new roman" lang=IN style="font-size:10.0pt;">410&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font face="times new roman" lang=SV style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">B</font><font face="times new roman" lang=IN style="font-size:10.0pt;">ank
Mandiri</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">
loan facility in the amount of Rp</font><font face="times new roman" lang=IN style="font-size:10.0pt;">75&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font face="times new roman" lang=SV style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">BRI
loan facility in the amount of Rp42 billion; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">B</font><font face="times new roman" lang=IN style="font-size:10.0pt;">SM&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> loan facility
in the amount of Rp</font><font face="times new roman" lang=IN style="font-size:10.0pt;">346&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> million</font><font face="times new roman" lang=SV style="font-size:10.0pt;">; </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">and&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=SV style="font-size:10.0pt;">-</font><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Syndicated
loan facility of BNI, BRI and Bank Mandiri in the amount of Rp103 million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=WC></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Working Capital</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net
working capital, calculated as the difference between current assets and
current liabilities, amounted to&#160; Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;">1,976&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion as of December 31, 2014 and&#160; Rp</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;">12,499&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
billion (US$</font><font face="Times New Roman" lang=SV style="font-size:10.0pt;">907&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> million) as of December 31, 2015. The increase in net
working capital was primarily due to:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">An increase in cash and cash
equivalent of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;">Rp10,445&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">n increase in prepaid taxes </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">1,782 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">n increase in advance and prepaid expenses </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of Rp1,106 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> decrease </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">in&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> current maturities of long-term liabilities</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of Rp2,057 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> decrease </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">in&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> short-term bank loans</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of Rp1,208 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
n</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">et increase in current
liabilities</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> primarily due to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">An </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">accrued expenses</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of Rp3,036 billion; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">An </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;">trade payable </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;">Rp1,632 billion</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">;&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">An </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increase </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;">in t</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.25pt;">axes&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;"> payable</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of
Rp897</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;"> billio</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.25pt;">n</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We believe that our
working capital is sufficient for our present requirements. We expect that our
working capital will continue to be addressed by various funding sources,
including cash from operating activities and bank loans.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SOLV></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Solvency</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have strong
ability to meet our debt obligations reflect to our ratio: debt to equity
ratio, debt to EBITDA and times interest earned ratio. Our ability to meet our
debt (short-term and long-term) depending on source of liquidity. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Refer
to explanation on &#8220;Liquidity&#8221;.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Current Liabilities</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our ability to pay our current liabilities
is indicated by the ratios on the table below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=49% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Ratio</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Current ratio</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">135.3%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">106.1%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">116.0%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Quick ratio</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">133.8%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">104.6%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">114.2%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Cash ratio</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">87.4%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">63.3%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">74.3%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">B.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Non-Current Liabilities</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our ability to pay our debt is indicated
by the ratios on the table below</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.56%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Ratio</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Debt to equity ratio</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">37.0%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27.3%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">26.4%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Debt to EBITDA</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">67.3%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51.4%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">48.5%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Times interest earned ratio</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.7%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25.2%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27.8%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">For detail discussion about our debt, see Notes 16-20 to our
Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=RECOLL></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Receivable Collectibility</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our
receivable collectability, indicated by the ratios average collection period
that show an average of days that we take to collect our receivable and
receivable turnover that show how many times in average the funds invested in
receivable are turned&#160; in one year. Ou</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">r </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">average collection period were 26.8 days in 2015 and
28.5 days in 2014. Our receivable turnover for 2015 and 2014 were 13.6 and 12.8</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We
have made provision for impairment of trade receivables based on the collective assessment of
historical impairment rates and individual assessment of its customers&#8217; credit history,
amounted to Rp3.048 billion in 2015 and Rp3.096
billion in 2014. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
Group does not apply a distinction between related party and third party receivables in
assessing amounts past due. As of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
the carrying amount of our receivables considered past due but not impaired
amounted to Rp3,430 billion and </font><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3,529 billion, respectively. Management believes that
receivables past due but not impaired, along with trade receivables
that are neither past due nor impaired, are
due from customers with good credit
history and are expected to be recoverable.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">For detail
discussion about our receivable, see Note 6 to our
Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CS></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Capital
Structure</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our capital
structure as of December 31, 2015 is described as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=60% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Amount (Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Portion (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Short Term</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">602</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.5%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Long Term</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,010</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31.0%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Debt</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,612</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31.5%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Equity</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">75,136</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">68.5%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Invested Capital</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">109,748</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0%</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We take a qualitative
approach towards our capital structure and debt levels. Periodically, the
Company conducts debt valuation to assess possibilities of refinancing existing
debts with
new ones which have more efficient cost that will lead to more optimized
cost-of-debt.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> the Company also
maintains its capital structure at the level it believes will not risk its
credit rating and which is comparable with its competitors</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is
required to maintain a certain debt-to-equity ratio and debt
service coverage ratio by the lenders</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. In 2015, o</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ur debt to equity
ratio was 0.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">37&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and our debt service coverage ratio was 3.9 times,
indicating our strong ability to meet our debt obligations. During the years
ended December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, the Company has complied with the externally imposed
capital requirements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">For detail
discussion about management policy on capital structure, see Note 43 to our
Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=CAPEX></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CAPITAL EXPENDITURES</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
2015, we incurred capital expenditures of Rp26,401 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(US$1,915 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">).
Our capital expenditures are grouped into the following categories for planning
purposes:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Broadband services</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, which consist of broadband, IT, application and
content and service node; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Network infrastructure</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, which consists of core transmission network, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">m</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">etro-</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">e</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">thernet
and Regional Metro Junction (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">RMJ</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">), </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">IP&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> backbone and satellite; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Optimizing legacy, for fixed line</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Capex supports</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Of
our Rp26,401 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">capital expenditure in 2015, Telkom</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">as
parent company</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> incurred capital expenditures of Rp9,641 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion (US$699 million)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, Telkomsel incurred capital expenditures of Rp11,321 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(US$821
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">) and our other subsidiaries incurred capital
expenditures of Rp5,439 b</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">illion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(US$395 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">) as follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=3 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Table of realization of
  Our Capital Expenditure</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Years Ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(US$ million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom (parent company)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">9,641</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">699</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,099</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">5,313</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,321</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">821</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,002</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,662</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,439</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">395</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,560</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,923</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subtotal for subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,760</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">1,216</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,562</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">19,585</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total for Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">26,401</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">1,915</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,661</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,898</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The realization of
the future capital expenditures may differ from the amounts indicated above due
to various factors, including but not limited to the Indonesian and global
economy environments, the Rupiah/US Dollar, Yen or other applicable foreign
exchange rates, the availability of supply or vendor or other financing on
terms acceptable to us, and also any technical or other problems in the
implementation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><a name=MCFCE></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Material
Commitment For Capital Expenditures</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We had material commitments
for capital expenditure under certain contractual arrangements. The contracts
particular with regard to the procurement and installation of central telephone
equipment, transmission equipment and cable networks. Material commitment
includes the following significant agreements related The Group and
subsidiaries as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and installation agreement for the
modernization of copper cable network through optimalization of asset copper
cable network Trade In/Trade Off method.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and installation agreement for the
modernization of copper cable network through optimalization of asset copper
cable network Trade In/Trade Off method.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Outside
Plant Fiber To The Home </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(OSP FTTH).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of the Sulawesi
Maluku Papua Cable System Project (SMPCS).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of SMPCS
Package-2.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of CISCO WIFI.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation of IP Radio Equipment
Agreement for Backhaul Node-B Telkomsel Package-3 Platform NEC.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation of IP Radio Equipment
Agreement for Backhaul Node-B Telkomsel Package-2 Platform Huawei.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation of IP Radio Equipment
Agreement for Backhaul Node-B Telkomsel Package-1 Platform Ericsson.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement Agreement of Telkom-3 Substitution (T3S)
Satellite System.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of Indonesia
WIFI Platform Huawei Access Points.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement and Installation Agreement of the
Southeast Asia-Middle East-Western Europe 5 Cable System (SEA-ME-WE5).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
MSAN </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">M</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">odernization for </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cceleration of the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">isposal
of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ooper </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">W</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ire </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">- Platform </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Huawei</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
MSAN modernization for </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">cceleration of the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">isposal
of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ooper </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">W</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ire </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">- Platform </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ZTE</font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
for</font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;"> DWDM Platform Alcatel &#8211;
Lucent (ALU)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
for</font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;"> Metro Ethernet Platform
ALU</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
for </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">PE-VPN CISCO.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
for </font><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">Metro Ethernet Platform
Huawei</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;vertical-align:baseline;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement
for </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IP Backbone System Expansion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procurement and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">I</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">nstallation
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">greement for</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> IPTV Platform ZTE
Capacity Expansion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Procurement and Installation of the Sea Cable
Communications System (&#8220;SKKL&#8221;) of Sibolga-Nias, Batam-Tanjung Balai Karimun,
Larantuka-Kabalahi-Atambua.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkomsel</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The Combined 2G and 3G CS Core Network Rollout
Agreements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Technical Service Agreement (TSA) for combined 2G and
3G CS Core Network.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2G BSS and 3G UTRAN Rollout Agreement for the
provision of 2G GSM BSS and 3G UMTS Radio Access Network.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Maintenance and Procurement of Equipment and Related
Service Agreement for Next Generation Convergence IP RAN Rollout and Technical
Support.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Maintenance and Procurement of Equipment and Related
Service Agreement for Next Generation Convergence Core Transport Rollout and
Technical Support.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Online Charging System (&#8220;OCS&#8221;) and Service Control
Points (&#8220;SCP&#8221;) System Solution Development Agreement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Technical Support Agreement to Provide Technical
Support Services for the OCS and SCP.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Development and Rollout Agreement for Customer
Relationship Management and Contact Center Solutions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Technical Support Agreement for the Procurement of
Gateway GPRS Support Node (&#8220;GGSN&#8221;) Service Complex.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Development and Procurement of OSDSS Solution
Agreement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Procurement of GGSN Service Complex Rollout Agreement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We expect to
fund the above commitment with our internal and external source of funds.
Historically, we have good level of leverage and able to finance capital
expenditure In the year of 2015, we allocate capital expenditure adjusted for
the company's business plan. See explanation on &#8220;Capital Expenditure</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">Material
commitment made by the Company in the purchase of capital goods using a number
of currencies. Here are the details of material commitment by currency as of
December 31, 2015:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Currencies</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Amounts in Foreign Currencies</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Equivalent in Rupiah</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=48% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,648</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=48% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">US Dollar</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">320</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,410</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=48% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Euro</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0,21</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">15,061</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Beside</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> using</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
rupiah currency, the value of the material </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">commitment&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> is
denominated in foreign currencies, especially in U.S. Dollars and Japanese Yen.
The Company faces the risk of foreign currency exchange rates. In general, the risk
exposure of foreign currency exchange rate the Company is not material.
Increasing risks of foreign currency exchange rates on </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our obligations</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
are expected to be offset by the time deposits and receivables in foreign
currencies </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">that are equal to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">at least 25% of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">outstanding current liabilities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">For detail
discussion on material commitments for capital investment, exchange rate and
interest rate see Notes </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">39&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and 4</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to our Consolidated Financial Statements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FA></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FIXED
ASSET</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.1pt;line-height:normal;">Our property and equipment is used for telecommunication
operations, which mainly consist of transmission installation and equipment,
cable network and switching equipment. A description of these is contained
elsewhere in Note 10 to our Consolidated Financial Statements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">Except for ownership rights granted to
individuals in Indonesia, reversionary rights to land rests with the Republic
of Indonesia, pursuant to Agrarian Law No.5/1960. Land title is designated
through land rights, including Right to Build (</font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">Hak Guna Bangunan </font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">or HGB)
and Right of Use (</font><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">Hak Guna Usaha </font></i><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">or HGU). Land title holders enjoy full
use of the land for a specified period, subject to renewal and extensions. In
most instances, land rights are freely tradable and may be pledged as security
under loan agreements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> own several pieces of land located throughout
Indonesia with the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">right to build
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and use for a period of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">0 to 45
years, which will expire between 2016 and 205</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We believe</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
that there will be no difficulty in obtaining the extension of the land rights
when they expire. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We hold
registered rights to build </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and use </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">for most of our properties. Pursuant to
Government Regulation No.40/1996, the maximum initial period for the right to
build is 30 years</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and is </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">renewable for an additional 20 years.
We are not aware of any environmental issues that could affect the utilization
of our propert</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">y and equipment</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">See
Note 16, 19 and 20 to our Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December
31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 the cost of fully depreciated
property and equipment of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">t</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">he </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Company
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">that are still used in operations
amounted to Rp54,168 billio</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">n</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We are</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> currently performing modernization of network assets
to replace the fully depreciated property and equipment. See Note 10 to our
Consolidated Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><a name=INS></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Insurance</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As
of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2015, property and equipment exc</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">luding&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> land
rights, with net carrying amount of Rp93,460 billion were insured against fire,
theft, earthquake and other specified risks, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">including business interuption, under blanket policies
totalling</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of Rp10,980 billion, US$99 million,
HKD3 million and SGD34 million</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Management believes that the insurance coverage is
adequate to cover potential losses from the insured risks.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><a name=TAX></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TAXATION</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
following is an overview of tax consequences in Indonesia and Federal taxes of
the United States of America (&#8220;U.S.A&#8221;) in relation with purchases, ownerships
and sales of ADSs or common stocks. This summary is not intended to describe
all aspects of taxation which may be relevant to the decision regarding purchases,
ownerships or sales of ADSs or common stocks. Investors are expected to consult
with their tax advisors regarding tax consequences in Indonesia and in the
U.S.A on purchases, ownerships and sales of ADSs or common stocks. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A.&#160;&#160;&#160; Taxation in Indonesia</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The following is an overview of the basic
principles of taxation in Indonesia over the ownership and disposition of
common stocks or ADSs for individual foreigners or foreign companies that have
common stocks or ADSs (&#8220;Foreign Shareholders&#8221;) who are Foreign Taxpayers </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">(&#8220;WPLN&#8221;)</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
</font></b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Under the taxation laws in Indonesia, </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is an individual who does
not reside in Indonesia, an individual who was in Indonesia for no longer than
183 (one hundred eighty three) days within a period of 12 (twelve) months, and
entities not established and domiciled in Indonesia, which operatng business or
engaged in activities in a form of permanent entities in Indonesia, or that may
receive or earn income from Indonesia by not operating business or engaged in
activities in a form of permanent entities in Indonesia, namely, earn income
from the ownership or disposition of common stocks or ADSs. In the case of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
domiciled in a country party to Double Taxation Avoidance Agreement </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">(&#8220;P3B&#8221;)&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
with Indonesian Government, the determination of a resident, either an
individual or entity, shall refers to the applicable provisions in the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.
If resident conflict is occurred with regard to transactions between
Indonesian-American citizen, the tie breaker rule as stipulated in the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
between Government of Indonesia and the U.S.A shall be applied.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Dividend &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Dividend that we announced for distribution of
retained earnings and paid to the Shareholders with </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> status in
respect to common stocks or ADSs are subject to income tax in Indonesia, which
at the date of publication of this Annual Report the rate is 20% of the paid
amount (in terms of cash dividends payment) or the shareholder ownership
portion of the distributed amount. A lower rate specified in </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> between
the Government of the Republic of Indonesia and the country where </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
is domiciled can be applied, if the dividend recipient meets the following
requirements: (i) the recipient is the owner who gains benefit from dividends,
(ii) the recipient must be able to present a Certificate of Domicile of Non
Resident For Indonesia Tax Withholding form (DGT-1 Form or DGT-2 Form) as
determined by the Indonesian Tax Authorities, which completely and correctly
filled out and authorized by the competent authorities in the country where </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
is domiciled, (iii) the recipient does not misuse </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> in accordance with
the provisions on misuse prevention of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">. The Indonesian government is
engaged the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> with a number of countries, including Australia,
Belgium, Canada, France, Germany, Japan, Malaysia, the Netherlands, Singapore,
Sweden, Switzerland, the U.K. and the U.S.A. According to </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> between
the Indonesian Government and the U.S.A Government, the income tax rate on
dividends paid to </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WPLN&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is 10% (portfolio) or 25% (minimum share
ownership/substantial holding of 25%).</font></p>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Capital Gains</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Sale or transfer of common stocks traded on
Indonesia Stock Exchange (</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Bursa Efek Indonesia</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">/&#8221;</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">BEI</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#8221;) is subject
to final income tax at the rate of 0.1% of the transaction value. The income
tax collection is conducted by withholding tax mechanism made by the stock
organizer through stock brokers. In addition to final income tax of 0.1%, the
founding shareholders at the time of initial public offering (IPO) was also
imposed an additional final income tax at the rate of 0.5% of the current value
of the shares at the initial public offering which is to be deposited itself
into state treasury by the issuer at no later than 1 (one) month after such
shares are listed on BEI.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Sale or transfer of common stocks that are not
listed on BEI or ADS (non-public companies&#8217; shares in Indonesia), executed by
Foreign Taxpayers other than Permanent Entities, is subject to final income tax
in Indonesia at the rate of 5% of the sale price. Mechanism of income tax
imposition on the sale or transfer of common stocks that are not listed on BEI
or ADS is withholding tax mechanism made by the Purchaser in the case of the
Buyer is a Domestic Taxpayer, or made by the Non-Public Company which shares
are traded in the case of the Buyer is a Foreign Taxpayer.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Sale or transfer of common stocks, both
listed/traded on BEI and common stocks of Non-Public Companies, executed by
Foreign Taxpayers may be exempted</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
or lower rate</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> from withholding
tax or lower rate depends on the provisions of the applicable </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">P3B&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
between the Government of the Republic of Indonesia and the country where the
Foreign Taxpayers are domiciled. In order to gain benefits from the applicable</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
P3B</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">, Foreign Taxpayers shall submit Certificate of Domicile of the Non
Resident For Indonesia Tax Withholding (DGT-1 Form and/or DGT-2 Form), which
completely and correctly filled out by the Foreign Taxpayers and authorized by
the competent tax authorities in their country.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Stamp Duty</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Stock transactions in Indonesia is subject to
stamp duty. Based on Government Regulation No.24 of 2000 regarding Amendment on
Stamp Duty Rates and the Limit Amount of Nominal Price imposed with Stamp Duty,
stamp duty in the amount of Rp3,000 shall be charged for any transaction value up
to Rp1,000,000 and any transaction value of more than Rp1,000,000 shall be
imposed by stamp duty in the amount of Rp6,000.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">B.&#160;&#160;&#160; Certain
Consideration regarding Federal Income Tax in the U.S.A</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Based on requirements of Internal Revenue Service
(&#8220;IRS&#8221;) which generally applied, tax information in this report (including its
attachments) are not intended to be used and cannot be used for the purpose of
(i) avoiding any fines imposed by the U.S.A&#8217;s Internal Revenue Code, or (ii)
promoting, marketing, or recommends to other person any matter related to
taxes. </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The following is a summary
of some of the consequences of federal income tax in the U.S.A in relation to
the acquisition of ownership and transfer of ADSs or common stocks by American
Shareholders who own ADSs or common stocks as capital assets (generally, they
use their property for investment) under section 1221 of U.S.A Internal Revenue
Code (the &#8220;Tax Code&#8221;). This summary is based on the U.S.A Federal laws of
applicable income taxes, which can be interpreted differently or may change,
possibly with retroactive effect.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">This summary does not address all aspects of
the U.S.A federal income taxation that may be important for certain investors
in accordance with each of investment situation, including investors who are
subject to special tax (for instance, financial institutions, insurance
companies, broker-dealers, partnerships and their partners, and tax-exempted
organizations (including private foundations), shareholders who are the U.S.A.
Holder (sic), investors who will own ADSs or common stocks as part of straddle,
hedging, conversion, constructive sales, or other integrated transactions with
the U.S.A federal income taxes purposes, or investors who have their functional
currency other than the U.S.Dollars, all of which may be subject to very
different tax rules other than the summary below. Moreover, this summary does
not address considerations relating to property tax and grants from the U.S.A
federal (sic) states, locals, or non-U.S.A tax considerations. Each shareholder
is advised to have consultation with their tax advisors concerning the U.S.A
federal, states, locals and non-U.S.A incomes, and other tax considerations of
their investment in ADSs or common stocks.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">For the purpose of this summary, &#8220;U.S.A shareholder&#8221;
is a beneficial owner of ADSs or common stocks in which, for the U.S.A federal
income tax purposes, (i) an individual who is a citizen or resident of the
U.S.A, (ii) a company, or other entities treated as a company for federal
income tax purposes, corporated in, established under the laws of the U.S.A or
the state or the District of Columbia, (iii) any entity established or
organized in or under the laws of another jurisdiction if it is treated as a
domestic company in accordance with the tax laws, (iv) income from property
that is included in gross revenues for federal income taxation purposes
regardless of its sources, or (v) the trust (A) which the implementation is the
subject of major supervision of U.S. courts and owned by one or more American
citizen who have the authority to control all substantial decisions or (B) that
has otherwise elected to be treated as U.S.A citizens according to the tax
laws. If a partnership (or other entities which treated as a &#8220;transparent tax&#8221;
entity for the U.S.A tax purposes is the holder of ADSs or common stocks,
therefore, tax treatment of a partner in a partnership (or the stackholder in
&#8220;transparent tax&#8221; entity) generally depends on the status of the partners (or
shareholders) and the </font></p>

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Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">activities of the partnership (or &#8220;transparent
tax &#8220; entities). For federal income tax purposes, the U.S.A citizens who own
ADSs will be treated as the owner who receives the benefits of Common Stocks
which represented by ADSs.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Threshold Classification of Passive Foreign
Investment Company </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">(&#8220;PIAP&#8221;)&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">A non-U.S.A company, such as Telkom, will be
treated as a </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PIAP&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> for the U.S.A Federal income tax purposes, if 75% or
more of its gross revenues consists of a specific &#8220;passive&#8221; income or 50% or
more of its assets are passive. Based on the Company&#8217;s revenues and assets in
2014, we strongly believe that the Company is not classified as a </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PIAP</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.
Because of the status of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PIAP&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is determined by intensive facts made on
annual basis, there is no guarantee that the Company is not or will not be
classified as a </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PIAP</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">. The following discussion regarding &#8220;Dividends&#8221; and
&#8220;Sales or Other Transfers of the ADSs or Common Stocks&#8221; are made on the basis
that the Company will not be classified as a </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PIAP&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> for the U.S.A Federal
income tax purposes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Dividends&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Any distribution of cash dividends paid by the
Company out of earnings and profits as determined by the principles of the
U.S.A Federal income tax, will be imposed with income tax on dividends and will
be included in the gross income of the U.S.A Citizen Shareholders at the time
it is received. In general, the dividend recipient that is not a Company will
be subject to an income tax on dividends of a &#8220;qualified foreign Company&#8221; with
a maximum of the U.S.A Federal tax rate of 15%, instead of the marginal tax
rate which is applicable to an ordinary income, so long that they have
fulfilled the specific period of ownership requirement. As a note, as of
January 1<sup>st</sup>, 2011, dividends from a qualified foreign Company is treated
as an ordinary income with a maximum tax rate of 39.6% applicable to dividends
received by non-companies after the end of 2010. A non-U.S.A company (other
than PFIC), generally, will be treated as an eliglible foreign company (i) if
eligible to get benefits in entirety from the U.S.A tax treaties and which is
determined by the Financial Minister of the U.S.A to fulfill the purpose of
this provision and includes information exchange program or (ii) with respect
to dividends paid in the form of shares (or ADSs which is supported by such
shares) that are ready to be traded on a stock exchange established in the
United States of America. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Upon the
completion of </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">applicable tax
treaty between the US and Indonesia, which has been determined by the Minister
of Finance has fulfilling this purpose and we believe that we are eligible to
get benefit from the treaties. In addition, because the ADSs are listed on
NYSE, an established securities market in the U.S.A, therefore, it is
considered to be easily traded on the stock exchange. The amount of cash
distributed in Rupiah shall equal with the U.S.Dollars value of the Rupiah at
the date of receipt of the distribution, regardless of whether the amount is
actually converted into the U.S.Dollars at that time. The profit or loss, if
any, is recognized on the subsequent sale, conversion, or other disposition in
Rupiah, and generally will be a source of regular income or loss. Generally,
dividends received from the ADSs or common stocks are not qualify for deduction
of dividends received by the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Dividends will generally be regarded as income
from foreign sources for credit purposes of the U.S. foreign tax. The U.S.
shareholders may be eligible, subject to a number of complex limitations, to
claim a foreign tax credit in respect with a foreign withholding tax imposed on
dividends received because of ADSs or common stocks.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> The </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">U.S
shareholders who did not decided to claim a foreign tax credit for foreign
taxes withheld, not to claim a deduction, for federal income tax purposes which
in respect of the withheld, but only for a year in which the shareholders
choose to do so for all credited foreign income taxes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Sale or Transfer of ADSs or Common
Stocks</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In general, shareholders who are United States
nationals declare capital gains and losses arising from the sale or transfer of
ADS or common stock, in the amount of the difference between the realization
amount upon such transfer, with the tax base adjusted for the aforementioned
shareholders of ADS or common stock. Capital gains or losses shall be long-term
in nature, in the event that such ADS or common stock has in the possession of
the shareholder for more than one year, and shall be a source of gains or
losses for the US for the purposes of the US foreign tax credit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Consequences of a PIAP</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In the event that the Company is classified as a PIAP
within a certain fiscal year, U.S. Shareholders are required to comply with
special regulations that are generally aimed at reducing or eliminating the
benefits of Federal U.S. income tax postponements, that may be gained by U.S.
Shareholders from their investments in non-U.S. Companies that do not
distribute all their gains on the current basis. In this regard, U.S.
Shareholders may be subject to regular income tax fees over (i) gains
recognized upon the sale of ADS or common stock and (ii) distribution surplus
paid upon ADS or common stock (in general, distributions that exceed 125% of
the annual distribution average that we pay over the period of three prior
fiscal years). Furthermore, U.S. Shareholders shall be subject to interests on
such gains or distribution surpluses. Aside from that, the maximum tariff of
15% of the Company&#8217;s dividends shall not be applied if the Company is to be
considered as a PIAP.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:12.0pt;">&#160;</font><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Income Tax Reserves and
Information Disclosure Requirements</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">U.S. income tax reserves and information disclosure
requirements generally apply towards several payments made to certain
non-cooperative shareholders. A tax-paying party shall be required to withhold
its income tax reserve from the payment of dividends, or from the result of
sales or the payment of ADS or common stock in the U.S. territory or by a U.S.
buyer or broker to a shareholder, except for exempted recipients, in the event
that such shareholder fails to provide the correct tax identification number or
is unable to fulfill the exceptions to the requirements concerning income tax
reserves. The size of the income tax reserve has been 25% in the years leading
to 2014. Income tax reserves are not additional taxes, and are eligible to be
credited to Federal U.S. income tax liabilities of U.S. Shareholders, or, in
the event that it exceeds his/her/its liabilities, the tax would be returned by
the Internal Revenue Service (&#8220;IRS&#8221;) if a tax return claim has been submitted
to the IRS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">C.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Tax Incentives</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In December 2015, The Company used the economic policy
package V in the form of tax incentives with a special tax rate for revaluation
of assets as stated in the Ministry of Finance Regulation No.191/PMK.010.2015
jo PMK No. 233/PMK.03/2015. In accordance with the regulation, The company
should reassess the fixed assets in fair value which appraised by the Public
Appraiser Service Office or other appraisals which lincensed by the Government
before December 31, 2016. The Company paid the final Income Tax amounted to
Rp750 billion and filed a letter No.C.Tel.282/KU000/COP-I000000/2015 dated
December 29, 2015 regarding to application of Revaluation of Assets&#160; in the
purpose of taxation in 2015. It was submitted on December 30, 2015. As of the
date of approval and authorization for the issuance of the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;consolidated financial statements</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, the assesing of revaluation of assets is
still in process.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=MALI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">Materiality Limitation</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Materiality
in our Consolidated Financial Statement was based on According to BAPEPAM/LK decision
letter No. KEP-347/BL/2012 about Presentation and Disclosure of Financial
Statements Public Company dated June 25, 2012, with appendix Regulation No.
VIII.G.7:about Presentation of Financial Statements of the Company or Public
Company where items is 5% of the total assets for asset items, 5% of the total
liability for the liabilities items, 5% of the total equity for equity
accounts, 10% of revenue for items of comprehensive income, and 10% of the
profit from continuing operations before taxes for the effect of an event or
transaction.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MC></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Material Contract</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015 and 2014, we did not enter into
any new material contracts nor did we amend any existing material contracts,
other than contracts entered into or amended in the ordinary course of business </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">as
disclosed at Note 39 of our Consolidated Financial Statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MIIED></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Material </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Information</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s Of </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Investment, Expansion, D</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ivestment,&nbsp;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Acquisition And
Debt</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/Capital </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Restructur</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, we</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> d</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">id&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> some
activities related to investments, divestments, acquisitions and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#160;debt/capital </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">restructuring. The activities are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Investment&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Metra&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On November 30, 2015, Metra acquired 13,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">850&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
shares of TelkoMedika (equal to 75% ownership) with acquisition cost amounting
to Rp69.5 billion. TelkoMedika engaged in health services, procurement services
and medicine services, including the establishment of pharmacies, hospital, raw
treatment, clinic, or other health care support.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telin&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On May 19, 2015, Pachub Acquisition Co. On
Telekomunikasi Indonesia International (USA) has 100% direct ownership.On May
29, 2015, Telkom USA and Pachub Acquisition Co entered into an agreement and
business combination plan with AP Teleguam Holdings, Inc. As of the date of
approval and authorization for the issuance of the consolidated financial
statements, the business combination is still in process.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Expansion&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, we have no expansion transaction.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Divestation&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, we have no divestation transaction.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Acquisition&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based
on notarial deed No.09 dated December 18, 2015 of Utiek Rochmuljati
Abdurachman, SH., MLI, Mkn., approved by MoLHR through its decision letter No.
AHU-0948616.AH.01.02 dated December 22, 2015, Sigma bought PT Media Nusantara
Data Global&#8217;s shares, which is engaged in data center activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Bond Issued</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On June 16, 2015, the Company issued Bonds I
Telkom Phase I 2015 respectively</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp2.200 billion for Series A, time period 7
years </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp2.100 billion for Series B, time period 10
years, </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp1.200 billion for Series C,&#160; time period 15
years, and </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp1.500 billion for Series D, time period 30
years and listed in IDX.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The bonds are secured by all of the Company&#8217;s
assets, movable or non-movable, either existing or in the future. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The underwriters of the bonds are PT Bahana
Securities (&#8220;Bahana&#8221;), PT Danareksa Sekuritas and Mandiri Sekuritas and PT
Trimegah Sekuritas, and the trustee is PT Bank Permata Tbk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Company received the proceeds from the
issuance of bonds on June 23, 2015.The funds received from the public offering
of bonds net of issuance costs, were used to finance capital expenditures which
consisted of wave broadband, backbone, metro network, regional metro junction,
information technology application, support, and merger and acquisition. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The company also has to paid the principal of
the Bonds II Series A Year 2010 amounted Rp1.005.000.000.000, - (one trillion
five billion rupiah), which matures on July 6, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">For further detail, see Note 19</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to our
Consolidated Financial Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MICIAT></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Material Information Of Conflict Of Interest And/Or Affiliated
Transaction </font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, we
have no conflict of interest or affiliated transaction.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=inherit lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MIFARD></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Material
Information And Facts After </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Accountant </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Reporting Date</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">On January 14, 2016, Telkom A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ks</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">es
drawdowns on the credit facility from BNI amounting to Rp97 billion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">O</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">n
February 15, 2016, Telkomsel filed an appeal to the Tax Authorities for
underpayments of corporate income tax amounting to Rp250 billion (including
penalty Rp81,1 billion). As of the issuance date of these financial statements,
the appeal is still in process (Note 30e.ii The Consolidated Financial Statements).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CAP></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Changes
In Accounting Policy</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The consolidated
financial statement of the Group is prepared in accordance with the Indonesian
Financial Accounting Standards (&#8220;SAK&#8221;), encompassing the Indonesian Financial
Accounting Standards Statements (&#8220;PSAK&#8221;) and the Indonesian Interpretations of
Financial Accounting Standards (&#8220;ISAK&#8221;) issued by the Indonesian Financial Accounting
Standards Board of the Indonesian Institute of Accountants, and the Regulation
of the Capital Market and Financial Institutions Supervisory Agency
(&#8220;Bapepam-LK&#8221;) No. VIII.G.7 regarding &#8220;The Presentation and Disclosure of the
Financial Statements of Stock Issuers or Public Companies&#8221;, as attached in
Decision KEP-347/BL/2012.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
consolidated financial statements present the relevant information that can be
compared with the previous period. In addition, the Group also presents an
additional statement of financial position for an initial period where there
restospektif application of accounting policies, retrospective restatement or
reclassification of accounts in the financial statements. Additional balance
sheet per January 1, 2014 are presented in the consolidated financial
statements due to the retrospective application of IAS 24 Post-Employment
Benefits (revised 2013) and IAS 50, Financial Instruments: Presentation
(Revised 2014) (Note 2ab The Consolidated Financial Statements).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accounting
standards and interpretations that have been approved by the Financial
Accounting Standards Board (&quot;DSAK&quot;), but not yet effective for the
current year financial statements is disclosed in note 2.A The Consolidated
Financial Statements.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SDBSIAF></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant
Differences Between SAK Indonesia and IFRS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Land Rights</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Based on PSAK, land rights is listed as a fixed asset
and is not amortized unless evidence exists to indicate that the extension or
renewal of such land rights, most likely or definitely, cannot be achieved. The
cost to arrange the extension or legal renewal of land rights is recognized as
an intangible asset and shall be amortized for as long as the legal age of such
rights or for the duration of the economic life of the land, whichever one is
briefer. Based on IFRS, land rights is listed as a finance lease and is
presented as being part of fixed assets. The land right is amortized for the
duration of the lease period.</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Transaction with related parties</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Based on Bapepam-LK Regulation No. VIII.G.7 regarding
the Presentation and Disclosure of the Financial Statements of Stock Issuers or
Public Companies, related entities of the government are entities that are
controlled, jointly controlled or are influenced by the government. The term
&#8216;government&#8217; in this instance refers to the Minister of Finance or Regional
Governments that are shareholders of an entity. Based on IFRS, related entities
of the government are entities that are controlled, jointly controlled, or
influenced by the government. The term &#8216;government&#8217; in this instance refers to
the government, government institutions and similar bodies, be it local,
national or international.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=OPOV></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">OPERATIONAL
OVERVIEW</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=NID></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">NETWORK
INFRASTRUCTURE AND DEVELOPMENT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We believe
that our achievement in 2015 was the result of our consistency in carrying out
three main focus strategies, namely maintaining double digit growth for
Telkomsel, the Indonesia Digital Network (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">IDN</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">) </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">program
for </font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&#8220;Driving the Digital
Business&#8221; and international expansion &#8220;Stretch and Expand International
Business&#8221;. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In
connection with our previous &quot;Great to Break 100/300&quot; strategy and
target to reach Rp100 trillion in revenues and Rp300 trillion in market
capitalization in 2015, our Directorate of Network, Information and Technology,
and Solution had established a systematic framework derived from our strategic
plans and key initiatives. We've also made various strategic plans to support
our vision to &#8220;Be </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">t</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">he King of Digital in the Region&#8221;. We are
committed to continuing the development of our telecommunication infrastructure
so as to further strengthen our Company in Indonesia and globally.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In line with
our objectives, we classify our network infrastructure into two categories,
namely, our international networks infrastructure, to support the our
international expansion program, and our national network infrastructure, which
supports the IDN program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">International
Networks</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We operate
international gateways in Batam, Jakarta, and Surabaya to route outgoing and
incoming calls on our IDD service (&#8220;007&#8221;).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We curreny own or
have interests in global submarine cable infrastructure that connects the
continents of Europe, Asia, and America through submarine cable system
consortiums for the Batam Singapore Cable System (BSCS), Dumai Malacca Cable
System (DMCS), Asia America Gateway (AAG), Singapore Japan Cable System (SJC),
Southeast Asia-United States (SEA-US), and Indonesia Global Gateway (IGG) which
will soon be constructed.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We, through o</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ur subsidiary Telin,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> are also a consortium member in the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">South East Asia &#8211; Middle East -Western Europe
5 (</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SEA-ME-WE 5</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) submarine cable </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">system and the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Southeast Asia &#8211; United States (</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SEA &#8211; USA</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">submarine
c</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">able </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ystem. SEA-ME-WE5
is a submarine cable system with a length of approximatelly 20,000 km
stretching from Dumai, Indonesia to several countries in Southeast Asia, France
and Italy, with direct connection from Indonesia to Europe. </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">This submarine cable system has a capacity of
24 tera bits per second using 100 Gb technology. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Construction began
in September 2014 and the cable system is expected to begin carrying commercial
traffic in the fourth quarter of 2016. Telkom and NEC completed the landing of
the SEA-ME-WE 5 submarine cable in Medan, North Sumatra on January 25, 2016. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SEA&#8211;USA&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
is submarine c</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">able </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ystem with
a length of approximatelly </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">15</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,000 km connect</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ing&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Manado (Indonesia),
Davao (Philippines), Piti (Guam), Oahu (Hawaii, United States), and Los Angeles
(California, United States)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Construction began in March 2015 and the cable system
is expected to begin carrying commercial traffic in the fourth quarter of 2016.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To support
international services </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">for </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">both voice and data, Telin operates </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">25&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
points of presence (&#8220;POP&#8221;) in various parts of the world, including in Asia
(Dubai, Singapore, Hong Kong, Malaysia Tokyo</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and others</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">), Europe (London,
Frankfurt and Amsterdam) and the USA (Ashburn, New York, Los Angeles, San Jose
and Palo Alto).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We plan to
continue with the development of our international network infrastructure to
support our international expansion strategy and vision to be &quot;The King of
Digital in the Region&quot;. Is the plan to focus the international network
infrastructure expansion in the 10 countries (Singapore, Hong Kong and Macau,
Timor Leste, Australia, Myanmar, Malaysia and Brunei, Taiwan, U.S.A, Kingdom of
Saudi Arabia (KSA)).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">National
Network</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We believe</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> that in order to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">achieve our vision to become &#8220;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The King of Digital</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">,
infrastructure development and the provision of connectivity are very
important, hence, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> will </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">continue to </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">actualize
digitization in Indonesia through the three IDN components, namely id-Access,
id-Ring and id-Con.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> continue to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> pursue development of</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> our
network infrastructure to offer a more efficient and cost-competitive service</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">as </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">part
of the Government&#8217;s Master Plan for the Acceleration and Expansion of
Indonesia&#8217;s Economic Development (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">MP3EI</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) in line with our transformation into a TIMES
provider under our IDN program. In the framework of developing high-quality,
efficient and competitive infrastructure in terms of the costs in delivery
services, we continue to pursue the development and improvement of our network
infrastructure, known as Collaborative Network Optimization which was built and
operated by Telkom Group. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IDN </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">program
involves the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">following three program
developments:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">id-</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Convergence&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;"> (&#8220;id-Con&#8221;)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">: </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">convergence of the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">node service network infrastructure
into a multi-service and multi-screen </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">integrated NGN</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">i</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">d-Con is a strategic initiative that focuses on providing a
design, development and delivery of TIMES services platform converging to
Telkom Group customers. </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">This converged services platform is leveraged on our data
center facilities, which has reached the Tier-4 design category and is
supported by a cloud management platform to ensure the reliability and
scalability of the TIMES services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">id-</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Ring</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">: </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">development of our transmission</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> network infrastructure into an IP-based and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">optical backbone network</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">In terms of broadband infrastructure
(id-Ring), </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">we
are actively</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">
developing infrastructure through </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">the </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">Indonesia Digital Network program. To date, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">wee have</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> built fiber optic cable
infrastructure </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">totalling&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> 81,895 km </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">in length </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">from Aceh to Papua, including
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">the </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">Sulawesi Maluku Papua Cable
System (&quot;SMPCS&quot;), which will </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">provide&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> a positive impact on equitable access to broadband
information and communication, with the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">more similar</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> quality in all regions of Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">id-</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Access</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">: </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">development of our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">customer access network infrastructure into a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">high s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">peed
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">broadband access network </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">through </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">fiber
optic</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and Wi-Fi networks.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">We are</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> currently focusing on developing new
products </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">for our</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> IndiHome </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">service, which provides
&#8220;triple play&#8221; services</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> consisting </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">primarily </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">of
internet on fiber or high speed internet, home phone and IPTV (UseeTV Cable).
IndiHome </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">also </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">provides additional </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">or add-on </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">features such as IndiHome </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Telephone&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> Mania</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;"> IndiHome Global Call, MelOn,
IndiHome View and Trend Micro Security System.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fixed
Wireline Network</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As
of December 31, 2015, we managed &#160;10.3 million fixed wireline (fix voice) connections. The following table sets forth data related to our
fixed wireline network as of the dates indicated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Operating Statistics</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=9 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">As of December31,</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Exchange capacity</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,376,070<sup>)</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font face="Times New Roman" style="font-size:9.0pt;">(</font></sup><sup><font face="Times New Roman" lang=IN style="font-size:9.0pt;">*</font></sup><sup><font face="Times New Roman" style="font-size:9.0pt;">)</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,946,801</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,918,369</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,908,003</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,180,214</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Installed lines</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20,376,070<sup>)</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font face="Times New Roman" style="font-size:9.0pt;">(</font></sup><sup><font face="Times New Roman" lang=IN style="font-size:9.0pt;">*</font></sup><sup><font face="Times New Roman" style="font-size:9.0pt;">)</font></sup></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,341,807</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,650,652</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,109,156</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,005,208</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Lines in service<sup>(2)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,276,887</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,698,255</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,350,806</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,034,010</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,688,526</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=top width=100% style="background:white;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">*</font><font face="Times New Roman" style="font-size:9.0pt;">) Exchange
  capacity and installed lines in as of December 31, 2015 includes capacity and
  lines from TDM-based, softswitch and IMS technologies.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed Wireless Network</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 27, 2014, we
entered into a Conditional Business Transfer Agreement with Telkomsel to
transfer parts of our fixed wireless business and migrate</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> subscribers to
Telkomsel. We terminated our Flexi service on May 31, 2015 although the
previous subscribers were able to use their old Flexi telephone numbers till
December 2015.In total, we migrated a total of over 1.3 million subscribers
under our migration program. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cellular Network</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our cellular
services, which are operated by our subsidiary, Telkomsel, have the most
extensive network coverage of any cellular operators in Indonesia. Telkomsel
currently operates on the GSM/DCS, GPRS, EDGE</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 3.5G</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and 4G</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
networks. The GSM/DCS network consists of 15 MHz</font><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">of bandwidth on
the 900 MHz frequency and 22.5 MHz of bandwidth on the 1.8 GHz frequency.
Telkomsel&#8217;s 3G network uses 15 MHz of bandwidth on the 2.1 GHz frequency. The
range of cellular services on the GSM network provided by Telkomsel extends to
all cities and districts in Indonesia. Telkomsel was the first operator in Indonesia
to commercially launch 4G </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ervices </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in
December 2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, Telkomsel added 17,869 BTS</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> units (including 1,575 units of 4G BTS), and as of
December 31, 2015, Telkomsel&#8217;s digital network was supported by 103,289 BTS
units (including 1,761 units of 4G BTS). In 2015, we added </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">an </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">additional
19,094 node B BTSs, bringing it to a total of 57,930 node B BTSs as of December
31, 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data and Internet Network</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, we
continued to improve the quality of our data network by installing additional
capacity and coverage. As of December 31, 2015, we provided broadband access </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">of fiber optic with </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">10.0&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
million</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> home</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-pass</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ed.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> As
of December 31, 2015, our metro ethernet network expanded into 96,866 Gbps
which is able to provide broadband services throughout Indonesia. The Metro
ethernet is also used as the main link for the IP DSLAM, MSAN for IndiHome
broadband services, softswitch, IP VPN and GPON broadband for mobile backhaul
and corporate business solutions. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As of December 31,
2015, we have extended the capacity of our internet gateway to reach an
installed capacity of 590 Gbps. This ensures the adequacy of the internet
gateway capacity in anticipation of the expected growth for both fixed and
mobile broadband traffic. In 2015, we also operated content distribution
networks</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (&#8220;CDN&#8221;)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> with an aggregate capacity of 938 Gbps in
collaboration with Akamai, Google, Yahoo, Conversant and Edgecast. To support
our IPTV services, including TV on demand and video on demand services, as of
December 31, 2015, we operated one central CDN, 4 regional CDNs and 12 edge
CDNs.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Throughout 2015, we
continued to expand the scope of Indonesia&#8217;s Wi-Fi services by deploying
additional network access points either through internal development programs
and various forms of cooperation with third parties. As of December 2015, a
total of 321,736 access points have been installed.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data Center</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom through its
subsidiary, Sigma, manages data centers. As of December 31, 2015, we had data
centers in nine locations, with an aggregate capacity of 1,073 racks. We intend
to continue to expand the number of locations and rack capacity in 2016. With
the capabilities of this network, Sigma is able to provide integrated data
storage solutions for many companies in Indonesia, including for those located
far from the major cities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Transmission
Network </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">we
focused on the development of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">broadband network, which serves as the backbone for
our entire network in</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">frastructure</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Our backbone telecommunications network consists of
transmission networks, switching facilities and core routers, which connect
multiple access node</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. The transmission links between nodes and switching
facilities comprise </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> terrestrial transmission network, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in particular</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> fiber optic, microwave and submarine cable system, as well as
satellite transmission networks and other transmission </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">technologies</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The
following tables sets forth certain information relating to our transmission
network and IP backbone network as of the dates indicated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Transmission Network</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=11 valign=bottom width=69% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Capacity (number of transmission medium circuits)</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">E1</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">STM-1</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">STM-4</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">STM-16</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">STM-64</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">STM-256</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">As of December 31,</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">131,221</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">761</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">119</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">613</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">129,557</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">708</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">108</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">63</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">398</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">131,303</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">736</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">58</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">337</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;text-indent:-22.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Note: The backbone transmission unit uses E1, STM1
(equivalent to 63 E1), STM4 (equivalent to 4 STM1), STM16 (equivalent to 4
STM4), STM64 (equivalent to 4 STM16), and STM256 (equivalent to 4 STM64). STM or
Synchronous Transfer Mode (&quot;STM&quot;) is the unit typically used in
backbone transmission networks. Facilitating broadband services requires high
capacity transmission networks using nxSTM-1 units. E1 units are used to
support legacy services.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;text-indent:-22.5pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Sulawesi Maluku Papua Cable System
(&#8220;SMPCS&#8221;)</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">To increase </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">our </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">traffic
capacity and broadband services in 34 eastern Indonesia cities, we are building
a backbone </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ring, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">known as SMPCS that connects the</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">se&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> cities that </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">have previously </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">been served by satellite</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> transmission</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The SMPCS is being developed in two segments, with the first
segment 4,300 km long, serving 21 district capitals and connecting Kendari,
Ambon, Manado, Ternate, Sorong and Fakfak, and the second segment 3,155 km
long, serving 13 district capitals and connecting Sorong, Jayapura, Timika and
Merauke. The entire cable system is expected to be completed around the end of
2016. As of December 31, 2015, 21 cities in the first segment and 13 cities in
the second segment have been connected and begun to use the new system, with
improved latency times and increased traffic from our operations, including
Telkomsel's, compared to satellite transmission.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Satellite&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">We operate two satellites, namely Telkom-1</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (108 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">)&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
and Telkom-2</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (118 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">)</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">. Telkom-1 has a capacity of 36
transponders consisting of 24 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">tandard C-Band transponders
and 12 extended C-band transponders, while Telkom-2 has a capacity of 24 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">tandard C-band transponders. Both
satellites are controlled from the main control station in Cibinong</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> Bogor, West Java</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. T</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">o ensure the continuity of services</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> since early 2014, we have had a
backup control station in Banjamasin</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
Borneo. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">In addition to </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">our Telkom-1 and Telkom-2</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> satellites</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">we also leased a </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">55.84 </font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">TPE (transponder equivalent @ 36
MHz), namely from Satellites of JSAT-5A (132</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of 8.94 TPE, Eutelsat 172 A (172 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of 10 TPE,
Chinasat-10 (110 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">9.17&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;"> TPE, Intelsat-8 (169 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of 7.98 TPE, KTSAT
(75 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of 2.35 TPE,
ABS-2 (75 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">) in the amount of 1.14 TPE,
TELSTAR-18 in the amount of 1.6 TPE (138 </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">E</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">)
and</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> APSTAR-6 (134 E) in the
amount of 14.66 TPE</font><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">T</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">o
support our business strategy with regard to providing TIME</font><font color=windowtext face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">S&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> services</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, we </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">have entered into a contract for the
construction of the Telkom-3S</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
satellite</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">which is currently </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">planned for launch in </font><font color=windowtext face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">late </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">2016</font><font color=windowtext face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">, and another contract for the
procurement of a Telkom-4 satellite, which is currently planned for launch
around the end of 2017.</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
Telkom-3S has a 49 TPE capacity that consists of 24 standard C-band TPE, 12 Extended C-band TPE and 13
Ku-Band TPE. Telkom-4 which is
planned to be in orbital slot 108 E and</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> will have </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">coverage to India</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
has a capacity of 60 TPE which consists of 24 standard C-band TPE with coverage
of Indonesia, 24 standard C-band TPE with India coverage and 12 extended C-band
TPE with coverage of Indonesia. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">W</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">e
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">expect that Telkom-3S
will re</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">plac</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> Telkom-2 </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and Telkom-4 will replace</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> Telkom-1. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">We are also currently exploring the various
alternatives for cooperation with operators for the provision of capacity for
Telkom including cooperation through long-term leases, joint development of a
satellite in an Indonesia orbital slot and acquisition of satellites in the
orbit.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In addition to the above</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">, we also </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">have&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 161 IP backhaul links </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">to&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> our network as well as 322 earth
station </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">links </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">with&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> capacity of</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> 1.36 Gbps. Transponder capacities
for these link</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;"> mostly through transponder
capacity</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> leased from
foreign providers</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=RD></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">RESEARCH
AND DEVELOPMENT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As a
technology-based company, we continue to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">focus on </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">product and service </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">innovation </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">through
ongoing research and development program</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Our research and development
activit</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ies </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">are conducted under the Innovation and Strategic
Portfolio Directorate, Innovation and Design Center (&#8220;IDeC&#8221;) unit</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, now </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">under
our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Digital Service Division</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IDeC&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> unit was mandated to enhance current operated service
and infrastructure, and innovate new businesses by creating new products and
solutions, and leveraging infrastructure technology to create new products and
solutions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Continuing
our programs in 2014, we strengthened our innovation activities in 2015 by:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Designing
new service platform</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> that are fundamental to the development of the
ecosystem for new businesses, such as Open Platform for Connected Home Services</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (such
as developing and building interop</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">er</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">able platform</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;"> with
various application services to support and facilitate the success of our IndiHome</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> sevice</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">)</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, Interoperable
Payment Platform</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(such as designing </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">
development of </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a
</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">payment
platform to build ePayment Environment as an </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">pplications </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">l</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">aboratory
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">t</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">est </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">ed)</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, and Smart
Local Government Service Platform</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (such as </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">prototype
integrated government service platform which</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> was</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;"> developed in
cooperation with third</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
a</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">
party and our subsidiary)</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Designing
and developing vertical industry applications/services both for enhancing
current services and creating new services such as Shopping Experience </font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">over&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> TV and Home
Control for IndiHome fiber broadband service, Digital Payment for Games and
e-Commerce, Smart City applications, and SME enhancement applications. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Calibri,sans-serif lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Enhancing
open innovation activities by endorsing startups products to market and
fundraising to obtain follow on funding. In 2015, </font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">we&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> received 709
proposals from startup to join our Indigo Incubator Program for external
innovations. Some of the startups have already succeeded in the market and
strenghened our business portfolio. These include startups in various segments,
including in the SME segment (Startup: Jarvis, Run System), Mobile segment
(Startup: Kakatu, Siji), and Enterprise segment (Startup: Goers, Privygate).
Other startups are also in process of commercialization within our Telkom
Group. Three of our startups have also obtained follow on funding from external
investors. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Conducting
joint innovation research and development with partners to enhance current
products and create new business models for future revenue generators. </font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">In first
half of 2015, w</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e
had two joint innovation programs with ZTE for IPTV enhancement and Huawei for
future broadband business models and services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">These activities
were aimed to support our transformation into digital business company. Some of
our business that leveraged on technology and new products development were:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Product/Business</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Impact of technological or new products development</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">IndiHome
  Fiber</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;
  </font><font face="times new roman" style="font-size:10.0pt;line-height:normal;">Enable
  faster and aesthetic installation on premises by designing and implementing
  OTP Box and transparent optical fiber.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;
  </font><font face="times new roman" style="font-size:10.0pt;line-height:normal;">Creating
  new business opportunities on Indi</font><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">H</font><font face="times new roman" style="font-size:10.0pt;line-height:normal;">ome by introducing and standardizing
  hybrid set top boxes to the market.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Smart
  City</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">Improvement of
  city service quality by introducing some smart city services/applications to
  local governments and societies. The products introduced included City
  Information for tourism ecosystem, Panic Button and City Surveillance System
  for city security protection, Electronic Government Application for government
  public services, and Big Data Analytic to enable accurate government decision
  support system. </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">UPoint
  Payment Platform</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">Facilitate
  increase in payment transactions, especially for games and applications, by
  introducing new payment model for mobile communication users.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Managing
  Open Innovation</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;
  </font><font face="times new roman" style="font-size:10.0pt;line-height:normal;">Emergence
  of many new digital applications to amplify our digital business by managing
  open innovation in our Indigo Program. The products being developed in our
  Indigo Incubator Program cover almost all of our business portfolios
  (personal, home, SME, enterprise).</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="courier new" style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;
  </font><font face="times new roman" style="font-size:10.0pt;line-height:normal;">By
  operating a subsidiary for corporate venture capital, we also increase the
  values of our startups in the market.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We routinely make
investments to improve products and services. Total expenditure for investments
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was approximately </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">14&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion, Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> billion and Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">11&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
billion in 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5,
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">respectively.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=LIC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">LICENSING</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">To provide
national telecommunications services, we have a number of product and service
licenses that are consistent with the applicable laws, regulations or decrees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Following the
issuance of MoCI Regulation No.01/PER/M.KOMINFO/01/2010 (&#8220;MoCI Decree
No.01/2010&#8221;) dated January</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> 25,</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> 2010 concerning the Provision of
Telecommunication Network, we were required to adjust our telecommunications
license to provide telecommunications services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">In 2015,
we </font><font face="times new roman" lang=IN style="font-size:10.0pt;">commenced&nbsp;</font><font face="times new roman" lang=EN style="font-size:10.0pt;"> the
process of </font><font face="times new roman" lang=IN style="font-size:10.0pt;">adjusting&nbsp;</font><font face="times new roman" lang=EN style="font-size:10.0pt;">
licenses </font><font face="times new roman" lang=IN style="font-size:10.0pt;">relating
to (i)</font><font face="times new roman" lang=EN style="font-size:10.0pt;">
fixed local network, </font><font face="times new roman" lang=IN style="font-size:10.0pt;">(ii) </font><font face="times new roman" lang=EN style="font-size:10.0pt;">long distance calls, </font><font face="times new roman" lang=IN style="font-size:10.0pt;">(iii) </font><font face="times new roman" lang=EN style="font-size:10.0pt;">direct
international calls and </font><font face="times new roman" lang=IN style="font-size:10.0pt;">(iv) </font><font face="times new roman" lang=EN style="font-size:10.0pt;">closed fixed
network operations</font><font face="times new roman" lang=IN style="font-size:10.0pt;">, which we conduct once every five years. We also in
the process of adjusting our license with respect to internet </font><font face="times new roman" lang=EN style="font-size:10.0pt;">telephony
services for public interests. Currently, the </font><font face="times new roman" lang=IN style="font-size:10.0pt;">MoCi is in the
process of</font><font face="times new roman" lang=EN style="font-size:10.0pt;">
verifying and evaluating </font><font face="times new roman" lang=IN style="font-size:10.0pt;">such adjustments</font><font face="times new roman" lang=EN style="font-size:10.0pt;">.&nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times lang=EN-US style="font-size:8.0pt;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We have secured
new licenses that have been adjusted as required, of which are as follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Fixed Network
and Basic Telephony Services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Based on the
report submitted by us concerning the operation of fixed network and as part of
the adjustment to MoCI Decree No.01/2010, we had our licenses adjusted in 2010 for the
operation of local fixed network, direct long distance, international call and
closed fixed network, explained as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">MoCI
Decree No.381/KEP/M.KOMINFO/10/2010 dated October </font><font face="times new roman" lang=IN style="font-size:10.0pt;">28, </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2010 on the
License of Operating Local Fixed Network and Basic Telephony Services </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Network </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">of PT
Telekomunikasi Indonesia Tbk;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">MoCI
Decree No.382/KEP/M.KOMINFO/10/2010 dated October </font><font face="times new roman" lang=IN style="font-size:10.0pt;">28, </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2010 on the
License of Operating Fixed Domestic Long Distance and Basic Telephony </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Service
Network </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">of
PT Telekomunikasi Indonesia Tbk;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">MoCI
Decree No.383/KEP/M.KOMINFO/10/2010 dated October </font><font face="times new roman" lang=IN style="font-size:10.0pt;">28, </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2010 on the
License of Operating Fixed International Call and Basic Telephony Services </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Network </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">of PT
Telekomunikasi Indonesia Tbk; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">MoCI
Decree No.398/KEP/M.KOMINFO/11/2010 dated </font><font face="times new roman" lang=IN style="font-size:10.0pt;">November 12, </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2010 on the
License of Operating Fixed Closed Network of PT Telekomunikasi Indonesia Tbk. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Following the
issuance of MoCI Decrees No.381, 382 and 383, our previous licenses for operating
a fixed network and basic telephony services previously owned by us based on
MoC Decree No.KP.162 of 2004 dated May 13, 2004 ceased to be in effect. The
licenses do not have a set expiry date, but are evaluated every five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Cellular</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Telkomsel
holds licenses to operate a nationwide mobile cellular telephone network using
15 MHz of radio frequency bandwidth in the 900 MHz band, 22.5 MHz of radio
frequency bandwidth in the 1</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">.</font><font face="times new roman" lang=IN style="font-size:10.0pt;">8 </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">G</font><font face="times new roman" lang=IN style="font-size:10.0pt;">Hz band and 15 MHz of radio
frequency bandwidth in the 2</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">.</font><font face="times new roman" lang=IN style="font-size:10.0pt;">1 </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">G</font><font face="times new roman" lang=IN style="font-size:10.0pt;">Hz band</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> The
license</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> do not
have a set expiry date, but will be evaluated every five years. </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Telkomsel also
holds </font><font face="times new roman" lang=IN style="font-size:10.0pt;">licenses
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">from
the</font><font face="times new roman" lang=IN style="font-size:10.0pt;">
Indonesian Investment Coordinating Board</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> that permits</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> Telkomsel to
develop cellular services with national coverage, including t</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">he&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> expansion
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">of&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> its
network capacity. In addition, Telkomsel holds permits and licenses from and
registrations with certain regional governments and/or governmental agencies,
primarily in connection with its operations in such regions, the properties it
owns and/or the construction and use of </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">its BTS</font><font face="times new roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">In connection
with the transfer of the Flexi business to Telkomsel, in September 2014, the
MOCI, through Decree No.934 of 2014, approved the reallocation of the 800 MHz
frequency spectrum being used for our Flexi business to Telkomsel. This
reallocation should be completed in December 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">International
Calls</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We commenced our
international call service in 2004. Our license for operating a fixed network
to provide international call services was adjusted in 2010 to meet the
requirements of MoCI Decree No.01/2010 with the issuance of MoCI Decree
No.383/2010. The license does not have a set expiry date, but it will be
evaluated in 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We have a
license to operate a closed fixed network based on MoCI Decree No.398/KEP/M.KOMINFO/11/2010,
which amends the previous license to meet the provisions in MoCI Decree
No.01/2010. The license allows us to lease the installed closed fixed network
to, among others</font><font face="times new roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">
telecommunication network and service operators, and to provide an international
telecommunication transmission facility through a SCCS directly to Indonesia
for overseas telecommunication operators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">According to
MoCI Decree No.16/PER/M.KOMINFO/9/2005 dated October</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> 6,</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> 2005 concerning
Provision of International Telecommunications Transmission Facilities through
SCCS, overseas telecommunications operators wishing to provide international
telecommunications transmission facilities through the SCCS directly to
Indonesia are required to set up a partnership with a fixed network of
international call services or closed fixed network provider. In line with MoCI
Decree No.16/2005, the international telecommunication transmission facilities
provided through SCCS are served by us on the basis of landing rights attached
to our license to operate fixed network of international call services. We have also
secured landing rights based on the landing right Letter
No.006-OS/DJPT.6/HLS/3/2010 dated March 2, 2010 from MoCI.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">On March 2,
2010, the MoCI issued Decree No.75/KEP/M.KOMINFO/03/2010 granting our
subsidiary, Telin, a license to operate a closed fixed line network which
enables Telin to provide international infrastructure services. Separately,
Telin secured landing rights in Indonesia from the DGPT to provide
international telecommunications transmission facilities through SCCS.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">VoIP </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We are licensed
to provide internet telephony services for public needs as stated in DGPT
Decree No.384/KEP/DJPT/M.KOMINFO/11/2010 dated November </font><font face="times new roman" lang=IN style="font-size:10.0pt;">29, </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2010 on </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Voice
over Internet Protocol (&quot;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">VoIP</font><font face="times new roman" lang=IN style="font-size:10.0pt;">&quot;)&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> services. This license does not
have a set expiry date, but it will be evaluated every five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Telkomsel
is also licensed to provide public </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">VoIP </font><font face="times new roman" lang=IN style="font-size:10.0pt;">services based
on DGPT Decree No.</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">65
of 2015 dated February 3, 2015, which replaced Decision Letter No.
226/DIRJEN/2009 dated September 24, 2009, </font><font face="times new roman" lang=IN style="font-size:10.0pt;">regarding the
provision of ITKP services. This license does not have a set expiry date, but
it will be evaluated every five years by the Government.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">ISP</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We are licensed
as an ISP under DGPI Decree No.83/KEP/DJPPI/KOMINFO/4/2011 dated April</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> 7,</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> 2011, as
amended by Director General of Post and Informatics Operations Decree No. 302
0f 2013. This license does not have a set expiry date, but it will be evaluated
every five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Telkomsel
is also licensed to provide multimedia </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">i</font><font face="times new roman" lang=IN style="font-size:10.0pt;">nternet </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">a</font><font face="times new roman" lang=IN style="font-size:10.0pt;">ccess </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">s</font><font face="times new roman" lang=IN style="font-size:10.0pt;">ervices with
nation</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:10.0pt;">wide
coverage under DGPT Decree No.213/DIRJEN/2010. This license does not have a set
expiry date, but it will be evaluated </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">annually, with a comprehensive
evaluation </font><font face="times new roman" lang=IN style="font-size:10.0pt;">every
five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Internet
Interconnection Service</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">We hold a license to provide internet interconnection services by
referring to DGPI Decree No.331</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">/KEP/M.KOMINFO/09/2013 </font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">dated on September 24, 2013 regarding the license for Internet Interconnection Service </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">(Network Access Point) </font><font face="Times New Roman" lang=X-NONE style="font-size:10.0pt;">for PT Telekomunikasi
Indonesia Tbk. This license does not have a set expiry date, but it will be
evaluated every five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">BWA</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">In July 2009, we
won </font><font face="times new roman" lang=IN style="font-size:10.0pt;">a
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">tender
for a wireless broadband access license and the right to provide BWA services in
12 zones, comprising </font><font face="times new roman" lang=IN style="font-size:10.0pt;">eight </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">zones on 3.3 GHz (North Sumatra, South
Sumatra, Central Sumatra, West Kalimantan, East Kalimantan, West Java,
JABODETABEK and Banten) and </font><font face="times new roman" lang=IN style="font-size:10.0pt;">five&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> zones on 2.3 GHz (Central Java, East
Java, Papua, Maluku, and the northern part of Sulawesi).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">In August 2009,
the MoCI issued Ministerial Decree No.237/KEP/M.KOMINFO/7/2009 regarding the
Appointment of the Winning Bidders for Packet Switched-Based Local Fixed Access
Network Operators Using the 2.3 GHz Radio Frequency for Wireless Broadband
Services, as last amended by MoCI Decree No</font><font face="times new roman" lang=IN style="font-size:10.0pt;">.</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">325/KEP/M.KOMINFO/05/2012.
Due to inadequate implementation by the winning bidders, the MoCI later issued Regulation
No.19/PER/M.KOMINFO/09/2011 dated September 14, 2011 (&#8220;MoCI Regulation
No.19/2011&#8221;), which released operators on the 2.3GHz radio frequency from the
obligation to use the particular technology specified in the bid terms for the
2.3 GHz radio frequency, which were set out in MoCI Regulation
No.22/PER/M.KOMINF0/04/2009 April 24, 2009 (&#8220;MoCI Regulation No.22/2009&#8221;).
Pursuant to MoCI Regulation No.19/2011, operators on the 2.3 GHz radio
frequency are now permitted to freely choose their technology in providing BWA
on the 2.3 GHz radio frequency, subject to a requirement that they pay an
annual usage rights fee for the third through the tenth year of the license
period in which a technology divergent from that specified in MoCI Regulation
No.22/2009 is used. On January 9, 2012, MoCI announced that it plans to make
available for bidding additional 2.3 GHz radio frequency in the 2300-2360 MHz
range for BWA services utilizing neutral technology.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation
No.19/2011 also stipulates domestic component obligations for
telecommunications devices and equipment used in providing BWA on the 2.3 GHz
radio frequency. Initial domestic component obligations are 30% for subscriber
stations and 40% for base stations, to be increased to 50% within five years. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">As a result of
the switch to neutral technology under MoCI Regulation No.19/2011, we lost
vendor support for our preferred technology, which is based on fixed BWA
technology.
Vendors
instead preferred to support the mobile BWA technology selected by other
operators. Mobile BWA technology competes with Telkomsel. We therefore returned
4 of the 5 zones, which we had received. We retained our BWA license for Maluku
zone so we would continue to qualify as a BWA operator on 2.3 GHz and have the
right to access the BWA networks maintained by other operators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Becoming a
wireless broadband access operator is in line with the transformation of our
business to TIMES, which requires us to have infrastructure that is capable of
responding to an increasingly complex market and the demand for ever more
convergent products and services, whether in the consumer, enterprise or
wholesale segments.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">In July 2011, we
are licensed to operate packet switched based on local fixed network by
referring to MoCI Decree No.331/KEP/M.KOMINFO/07/2011 dated July 27, 2011 on
the License of Operating Packet Switched Based Local Fixed Network of PT
Telekomunikasi Indonesia Tbk. This license does not have a set expiry date, but
it will be evaluated annually, with a comprehensive evaluation every five
years.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Data
Communication System (&#8220;SISKOMDAT&#8221;)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We provide SISKOMDAT services under DGPI Decree No.169/KEP/DJPPI/KOMINFO/6/2011
dated June 6, 2011 regarding License for Data Communications Systems Services Operation for PT Telekomunikasi Indonesia
Tbk. This license does not have a set expiry date but
will be thoroughly evaluated every five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Payment Method Using e-Money</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Following the implementation of Bank
Indonesia Regulation No.11/11/PBI/2009 and Circular Letter of Bank Indonesia
No.11/10/DASP each dated on May 13, 2009 regarding how to use card-based
payment instruments (&#8220;APMK&#8221;) and Bank Indonesia Regulation No.11/12/PBI/2009
and Circular Letter of Bank Indonesia No.11/11/DASP each dated May 13, 2009 on
e-money, Bank Indonesia has redefined the meaning of &#8220;principal&#8221; and &#8220;acquirer&#8221;
in operating APMK and e-money business. In light of these regulations, Bank
Indonesia confirmed our status as an issuer of e-money based on letter of
Directorate of Accounting and Payment System of Bank Indonesia No.11/13/DASP
dated May 25, 2009. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">We operate our e-money business under
the brand names &#8220;T-cash&#8221;. With the issuance of Bank Indonesia Circular Letter
No.9/9/DASP dated January 19, 2007, Telkomsel is also permitted to conduct APMK
activities, with the launch of Telkomsel </font><i><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Tunai&nbsp;</font></i><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> prepaid card.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">These</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> permit</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> do not have </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">set expire date</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> or a period of adjustment as long as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
and Telkomsel continue to conduct </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">our
respective</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> business</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">es&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
and as long as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we do not violate
any applicable regulation and</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> as
long as policy makers do not amend or revoke such permit</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">s</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Remittance Service</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Based on a license from Bank Indonesia
No.11/23/Bd/8, dated August 5, 2009</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> and No.12/48/DASP/13</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">, we </font><font face="times new roman" lang=IN style="font-size:10.0pt;">and
Telkomsel </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">may
operate as a money transfer services provider.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">IPTV</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">On April 27, 2011, we and TelkomVision
together obtained a license to operate IPTV services through the MoCI Decree
No.MCIT.160/KEP/M.KOMINFO/04/2011 regarding the Telkom and TelkomVision IPTV
Service Consortium Agreement. In accordance with Regulation 15 </font><font face="times new roman" lang=IN style="font-size:10.0pt;">y</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">ear 2014 on
Amendment of MCIT </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Decree&nbsp;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> No.11/PER/M.KOMINFO/07/2010 regarding
the Implementation Services Internet Protocol Television (&quot;IPTV&quot;),
that the IPTV service can be applied nationally.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Construction Services Business License
(&#8220;IUJK&#8221;)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">In 2015, we renewed our Level 5
IUJK which permits us to conduct disaster recovery system construction
services, which is currently valid until June 2018. Our Level 7 IUJK </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">for the
execution of construction services throughout Indonesia</font><font face="times new roman" lang=EN style="font-size:10.0pt;"> expired </font><font face="times new roman" lang=IN style="font-size:10.0pt;">i</font><font face="times new roman" lang=EN style="font-size:10.0pt;">n June
2015, and we </font><font face="times new roman" lang=IN style="font-size:10.0pt;">do
not intend to renew such permit as they are not in line with our areas of </font><font face="times new roman" lang=EN style="font-size:10.0pt;">&#160;expertise
as a provider of telecommunications services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Content
Provider Services</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Currently, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we are </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">in the process of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">applying
for the license</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> Content Provider
Services, which is expected to be ready in 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=IRCTC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">Impact of
the Regulation Changes towards the Company</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The framework for the telecommunications industry is
comprised of specific laws, government regulations, ministerial regulations and
ministerial decrees enacted and issued from time to time. The current
telecommunications policy was first formulated and articulated in the
Government&#8217;s &#8220;Blueprint of the Indonesian Government&#8217;s Policy on
Telecommunications&#8221;, contained in MoC Decree No.KM.72/1999 dated September 17,
1999</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunications Law</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The telecommunications sector is primarily governed by
Law No.36 of 1999 (&#8220;Telecommunications Law&#8221;), which became effective on
September 8, 2000. The Telecommunications Law sets guidelines for industry
reforms, including industry liberalization, facilitation of new entrants and
enhanced transparency and competition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Telecommunications Law eliminated the concept of
&#8220;organizing entities&#8221; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">thereby </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ending </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">our
and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Indosat&#8217;s responsibility for
coordinating domestic and international telecommunications services,
respectively. To enhance competition, the Telecommunications Law prohibits
monopolistic practices and unfair competition among telecommunications
operators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Telecommunications Law </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">was&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> implemented
through several Government Regulations, Ministerial Regulations and Ministerial
Decree</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. The most important of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">such&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> regulations
include:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Government Regulation No.52/2000
regarding Telecommunications Services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation
No.1/PER/M.KOMINFO/01/2010 dated January 25, 2010 regarding Operation of
Telecommunications Networks</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">MoC&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Decree No.KM.21/2001 regarding the Provision of
Telecommunications Services that was most recently amended </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">by&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> MoCI
Regulation No.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">8/2015&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> regarding the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Fourth </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Amendment of Decree of the
Minister of Communication No.KM.21/2001 regarding the Provision of
Telecommunications Services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoC Decree No.33/2004 regarding
Supervision of Healthy Competition in the Provision of Fixed Network and Basic
Telephony Services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoC Decree No.KM.4/2001 dated
January 16, 2001 regarding the Determination of Fundamental Technical Plan
National 2000 for National Telecommunications Development most recently amended
by MoCI Regulation No.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">/201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> dated June </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> regarding the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">seven</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">th
amendment of MoC Decree No.KM.4/2001 regarding the Determination of Fundamental
Technical Plan National 2000 for National Telecommunications Development. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunications
Regulators</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In February 2005, the authority to regulate the
telecommunications industry was transferred from the MoC to a newly-established
Ministry, the MoCI. Pursuant to
authorities assigned to him through Telecommunication Law, the Minister of
Communication and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Information&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> sets policies, regulates, supervises and controls
telecommunications industry in Indonesia. On October 28, 2010, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">MoCI engaged in certain organizational and
administrative reforms that included transferring </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">licensing and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">regulatory authority</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> to two newly
established general directorates, the Directorate General of Posts and
Informatics Resources and Equipment (&#8220;DGRE&#8221;) and Directorate General of Post and
Informatics Operations (&#8220;DGPIO&#8221;) </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">pursuant
to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation
No.17/PER/M.KOMINFO/10/2010 regarding the Organization and Administration of
Ministry of Communication and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Information</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. Following the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">reforms</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">certain&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
adjustments were made through MoCI Regulation No.15/PER/M.KOMINFO/06/2011 dated
June 20, 2011 regarding title adjustments in a number of Decrees and/or MoCI
regulations that regulate Special Materials in Post and Telecommunications
and/or in Decrees of the Director General of Posts and Telecommunications,
which transfer all substances related to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">post</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">al&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and
telecommunications sector</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> to the DGPIO including licensing, numbering,
interconnection, </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">universal service obligation</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> business
competition. Meanwhile, matters related to radio frequency spectrum and
standardization of telecommunications equipment</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> were
transferred to the DGRE.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Following the enactment of the Telecommunications Law,
the MoC established an independent regulatory body as stipulated in MoC Decree
No.KM.31/2003 dated July 11, 2003 regarding the Establishment of the ITRA which
was later revoked </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">by&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> MoC Regulation No.KM.36/PER/M.KOMINFO/10/2008 dated
October 31, 2008 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> amended </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">by&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> MoCI Regulation No.1/PER/M.KOMINFO/02/2011 dated
February 7, 2011 (&#8220;MoCI Regulation No.36/2008&#8221;). Pursuant to MoCI Regulation
No.36/2008, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ITRA </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">was&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> assigned the authority to regulate the Indonesian
telecommunication industry</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,
including the provision of telecommunication networks and services. The </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ITRA which is chaired by the Director General of Post
and Informatics Operations and comprises of nine members</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, including</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> six </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">members of the public, and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">three members selected from Government institutions
(DGRE and Director of DGPIO and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">a&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> government representative appointed by the Minister
of Communication and Information). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Classification and
Licensing of Telecommunications Providers</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunications
Law organize</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">d&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> telecommunication</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> services</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> into </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">following </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">three
categories:</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> (i) provision</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of telecommunication network</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s, (ii) provision</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
of telecommunication services</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">(iii)
provision</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of special telecommunications</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> services</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.
&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Licenses issued by MoCI are required for each category
of telecommunications services. MoCI Regulation No.1/2010 and MoC Decree
No.KM.21/2001 dated May 31, 2001 regarding the Operation of Telecommunications
Services, as last amended by MoCI Regulation No.8/2015 regarding the Fourth
Amendment of Decree of the Minister of Communication No.KM.21/2001 regarding
the Provision of Telecommunications Service, are the principal implementing regulations
governing licensing.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation No.1/2010 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">classified&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
network operations into fixed and mobile networks. MoC Decree No.KM.21/2001 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">categorized&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
the provision of services into basic telephony services, value-added telephony
services, and multimedia services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Introduction of Competition
in the Indonesian Telecommunications Industry</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In 1995, we were granted a monopoly to provide local
fixed line telecommunications services until December 31, 2010, and DLD
services until December 31, 2005. Indosat and Satelindo (which subsequently
merged with Indosat) were granted a duopoly for provision of basic
international telecommunications services until 2004.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As a consequence of the Telecommunications Law, the
Government terminated our exclusive rights
to provide </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">domestic&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> fixed
line </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">telephone&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and DLD services and Indosat</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8217;s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and Satelindo</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8217;s duopoly rights </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">to provide basic international </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">telephone&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
services. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Instead</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, the Government adopted a duopoly policy to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">create </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">competition
between Indosat and us as comprehensive service and network provider</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DLD Services </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To liberalize DLD services, the Government amended the
National Telecommunications Technical Plan pursuant to MoCI Decree
No.6/P/M.KOMINFO/5/2005 dated May 17, 2005 (&#8220;MoCI Decree No.6/2005&#8221;) to assign
each provider of DLD services a three-digit access code that would permit their
customers to select an alternative DLD services provider by dialing the
three-digit access number. MoCI Decree No.6/2005 did not provide for immediate
implementation of the three-digit system for DLD calls, but as the first DLD
service provider, we were required to gradually open our network to the
three-digit access codes in all coded areas throughout Indonesia by April 1,
2010. We were assigned the &#8220;017&#8221; DLD access code, while Indosat was assigned
&#8220;011&#8221;. The MoCI thereafter amended the National Telecommunications Plan as
provided in MoCI Decree No.43/P/M.KOMINFO/12/2007 dated December 3, 2007,
(&#8220;MoCI Decree No.43/2007&#8221;), which delayed the deadline for the implementation
of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">three </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">digit access code for DLD calls throughout all the
area code in Indonesia until September 27, 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to MoCI Decree No.43/2007, we opened our
network to the &#8220;01X&#8221; three-digit DLD access service in Balikpapan by April 3,
2008. Since </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">that&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> date, our customers </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">are able </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">to make
DLD calls from Balikpapan by first dialing </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Indosat&#8217;s </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#8220;011&#8221;.
As stipulated in MoCI Regulation No.43/2007, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">we have</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> provided
a nation-wide network for three-digit access code for fixed and fixed wireless
DLD with &#8220;01X&#8221; that can be used by Indosat </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">or&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> other
licensed operator starting September 27, 2011. To date, no other licensed
operator</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s have submitted</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> a request to us to connect their networks </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">enable
DLD access. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IDD Services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We received our IDD license in May 2004 and began
offering IDD fixed line services to customers in June 2004 using the &#8220;007&#8221; IDD
access code. The Indosat IDD access code is &#8220;001&#8221;. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">December
2005 interconnection agreement with Indosat enables Indosat&#8217;s network customers
to access our IDD services by dialing &#8220;007&#8221; and our network customers to access
Indosat&#8217;s IDD services by dialing &#8220;001&#8221;.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cellular&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cellular telephone service is provided in Indonesia on
the radio frequency spectrum of 1.8 GHz (DCS technology), 2.1 GHz (UMTS
technology) and 900 MHz (GSM and UMTS technology). The MoCI regulates the use
and allocation of the radio frequency spectrum for mobile cellular networks.
Telkomsel has obtained frequency allocation for cellular services on the 900
MHz, 1.8 GHz and 2.1 GHz frequency bands. The allocation of bandwidth in the
2.1 GHz frequency spectrum is regulated by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">-&#160;&#160;&#160;&#160;&#160;&#160; MoCI
Decree No.19/KEP/M.KOMINFO/2/2006 dated February 14, 2006 regarding the
Determination of Winner of IMT-2000 Mobile Cellular Operator Selection at 2.1
GHz Radio Frequency Band.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">-&#160;&#160;&#160;&#160;&#160;&#160; MoCI
Decree No.268/KEP/M.KOMINFO/9/2009 regarding the Determination of Additional
Allocation of Radio Frequency Bandwidth Blocks, Tariffs, and Payment Scheme
Radio Frequency Spectrum Right of Usage Fees for IMT-2000 Moble Cellular
Operators at 2.1 GHz Radio Frequency Band. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">MoCI Decree No.191 Year
2013 regarding the Determination of PT Telekomunikasi Selular as Winner in the
Selection of Users of Additional Frequency Bandwidth at 2.1 GHz Radio Frequency
Band for IMT-2000 Moble Cellular Operators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The Minister of Communication and Information released
his decree regarding the management of the 1,8 GHz radio frequency band on 29
April 2015 through Decree No.19/2015 on 1800 M</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">H</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">z Radio Frequency Bands
Regulation for the Management of Cellular Mobile Networks, in which cellular
mobile network providers on 1800 MHz radio frequency band must reallocate the
use of radio frequency on 1800MHz radio frequency band by November 2015.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">8.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interconnection &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
Telecommunications Law </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">expressly
prohibits</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> monopolistic and unfair
business </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">practices and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">requires network providers to allow users to access </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">other </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">users
or </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">obtain </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">services </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">from&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> other networks by paying </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">interconnection </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">fees
agreed upon by each network operator. Government Regulation No.52/2000 dated
July 11, 2000 regarding Telecommunications Operations provides that
interconnection charges between two or more network operators must be
transparent, mutually agreed </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">upon&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and fair. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On February 8, 2006, the MoCI issued Regulation
No.8/PER/M.KOMINFO/02/2006 on Interconnection (&#8220;MoCI Regulation No.8/2006&#8221;),
mandated a cost-based interconnection tariff scheme for all network and
services operators </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">replacing </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">previous
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">revenue-sharing scheme. Under the new
scheme</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, interconnection charges
are determined by the network </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">operator on
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">which a call terminates based on
a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">long-run incremental cost</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> formula</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation No.8/2006 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">requires&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
operators</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> submit to the ITRA annual RIO proposals containing
proposed interconnection tariffs for the coming year. Operators are required to
use the cost-based methodology in preparing RIO proposals, and the ITRA and
MoCI are required to use the same methodology in evaluating the RIO proposals
and approving interconnection tariffs. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to MoCI Regulation No.8/2006 and ITRA Letter
No.246/BRTI/VIII/2007 dated August 6, 2007, we submitted a RIO proposal to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ITRA
in October 2007, which covered adjustments for operational, configuration,
technical and service offerings. In December 2007, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">we and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">all </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">other </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">network
operators signed new interconnection agreements </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">that super</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">se</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ded pr</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">vious&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
interconnection agreements between </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">us
and other </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">network operators</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> which also amended</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> all interconnection agreements signed in December
2006.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On February 5, 2008, the ITRA required that we and
other operators begin implementing the cost-based interconnection tariff
regime. On April 11, 2008, pursuant to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Directorate General of Post and Telecommunication (&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DGPT</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8221;)&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Decree No.205/2008, the ITRA and the MoCI approved
RIO </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">proposals </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">from all operators to replace previous interconnection
agreements. The RIO approved in 2008 was </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">effective&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> until July 29, 2011
when </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">new </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">interconnection charges </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">were implemented</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
as stipulated </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">in </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ITRA Letter No.227/BRTI/XII/2010 dated December 31,
2010 regarding the Implementation of Interconnection Charges in 2011. This was
the result of interconnection charges recalculation conducted in 2010 by MoCI
that was agreed on by all operators and outlined in a Memorandum of
Understanding. The results of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">this&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> interconnection charges </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">reform&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> caused a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">slight </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">decrease
in interconnection costs</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On December 12, 2011, the ITRA changed the SMS
interconnection fee basis from a &#8220;Sender Keep All&#8221; basis to a cost basis
interconnection fee calculation which required certain amendments to RIOs
agreed upon in 2011. MoCI Regulation No.8/2006 stipulates that the RIO of
telecommunications network operators generating operating revenue that is equal
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">to </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">or more than 25% of the combined revenues of all telecommunication
operators that serve the same respective segment, must obtain ITRA&#8217;s approval,
necessitating changes in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">our&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and Telkomsel</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8217;s&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> RIOs which were approved on
June 20, 2012. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Up until the
publishing of this report, no recalculation of interconnection fees for 2012
had been done as doing so would have been preceded by an evaluation on
interconnection charges in 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">9.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">VoIP&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In January 2007, the Government implemented new
interconnection regulations and a five-digit access code system for VoIP
services pursuant to MoCI Decree No.06/P/M.KOMINFO/5/2005. Under the Decree,
the prefix for VoIP, which was originally 01X, was changed to 010XY. On April
27, 2011, the MoCI issued Regulation No.14/PER/M.KOMINFO/04/2011, as partly
revoked by MoCI Regulation No.11 of 2014</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">which imposed quality control
standards</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> in relation to VoIP
services and this became </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">effective three
months thereafter, to which we and other operators must adhere </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">to</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">10.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IPTV&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Several provisions in the MoCI Regulation
No.11/PER/M.KOMINFO/07/2010 (&#8220;MoCI Regulation No.11/2010&#8221;) regarding the
Implementation of Internet Protocol Television (IPTV) Service has been amended
by Regulation No.15/2014 regarding the Implementation of Internet Protocol
Television (IPTV) Service that became the legal basis for the IPTV licensing
and regulates the provision of IPTV services, including the rights and
obligations of IPTV providers, technical standards, foreign ownership
requirements and the use of domestic independent content providers.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of
Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation No.11/2010 </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">recognizes </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IPTV </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">as&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> a
convergence of telecommunications, broadcasting, multimedia and electronic
transactions a</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">nd provides that
only a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">consortium comprising at least two
Indonesian entities may be licensed as an IPTV provider. Referring to
MOCI Regulation No.15/2014, the licenses that we needed, among others:
(a) local fixed network license, mobile network or fixed closed network license</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (b)
operating internet access/ISP license</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and (c) broadcasting operation
of subscription
television broadcasting services institution license.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In the Government Regulation No.52/2005 regarding the
Broadcasting Implementation of Broadcasting Subscription Institute
(&quot;LPB&quot;) mentioned that the broadcasting could be conducted via
satellite, cable and terrestrial. Broadcasting via satellite could reach
nationwide, while cable and terrestrial have a range of a particular region.
LPB licenses of broadcasting via satellite owned by PT Indonusa (Telkomvision)
became our legal basis became our legal basis to enforce IPTV services
nationally. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">11.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Satellite &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our international satellite business is highly
regulated. In addition to being subject to domestic licensing requirements and
regulation for the use of orbital slots and radio frequencies</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, as stipulated in MoCI Regulation, our
satellite operations is also regulated by the Radio Communications Bureau of
the International Telecommunications Union.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Furthermore, MoCI Regulation No.37/2006 dated December
6, 2006 requires foreign satellite operators to obtain a landing right license to
operate in Indonesia which requires such foreign satellite operators to
coordinate with domestic satellite operators, including us, to ensure that no
Indonesian satellite and terrestrial systems will be disrupted by their
operation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">12.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Consumer Protection</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Under the Telecommunications Law, each </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">network provider is required to protect</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> consumer </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">rights&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> in relation to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, among others,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> quality of
services, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">tariffs and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compensation. Customers injured or damaged by
negligent operations may file claims against negligent providers.
Telecommunications consumer protection regulations provide service standards
for telecommunication operators. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">13.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">USO&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">All telecommunications operators, whether network or
service providers, are bound by a</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">n&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> USO </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">regulation
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">that requires them to contribute to
providing telecommunication facilities and infrastructure in the interest of
opening equal access to telecommunications throughout all regions in Indonesia,
which is generally done by way of financial contribution. MoCI Regulation
No.32/PER/M.KOMINFO/10/2008 dated October 1</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">0</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, 2008
regarding the USO (as amended by MoCI Regulation </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">No.03/PER/M.KOMINFO/02/2010 dated February 1, 2010)
(&#8220;MoCI Regulation No.32/2008&#8221;) </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">stipulated,
among others, detail services that shall be provided in relation to USO
regulation, which is providing</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> telephone,
SMS and internet access in remote and other areas of Indonesia that have been
classified as USO regions where it is not economical to provide these services.
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">USO payment requirements are calculated as a
percentage of our and Telkomsel&#8217;s unconsolidated gross revenues, net of bad
debts and/or
interconnection charges and/or connection charges. Pursuant to Decree No.45
year 2012 of the MoCI which was effective from January 22, 2013</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. The Decree </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">stipulates, among other things, the exclusion of certain revenues that
are not considered as part of gross revenues as a basis to calculate the USO charged, and
changes to the payment period which was previously on a quarterly basis to become
quarterly or semi-annually.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">14.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunication
Regulatory Charges</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On January 16, 2009, the Government issued Government
Regulation No.7/2009, which sets the types of non-tax state revenues that apply
to the MoCI derived from various services, including telecommunications. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On December 13, 2010, the Government issued Government
Regulation No.76/2010 amending Government Regulation No.7/2009. Pursuant to
Government Regulation No.76/2010, we are no longer required to pay right-of-use
fees calculated with reference to the BTSs that we deploy in our network,
except for BTSs deployed in our backbone, with effect from December 15, 2010.
As a result, our right-of-use fees are now calculated based on the bandwidth of
the radio frequency spectrum that we use.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In addition to radio frequency spectrum right-of-use
fees, Government Regulation No.7/2009 requires
all telecommunications operators to pay an annual license fee for
telecommunication operation, which is equal to 0.5% of unconsolidated gross
revenues, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">net of bad debts and/or
interconnection charges and/or connection charges</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to Law No.28/2009 regarding Local Taxes and
Local Fees, local governments are permitted to impose fees on the sites that we
use for telecommunications towers. The fees may not exceed 2% of the site&#8217;s
assessed tax value. Currently, there are some 525 local (provincial and regency
level) </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">governments </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">through out </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Indonesia&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> that may be authorized
to impose these fees to increase in the future. </font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">15.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunications Towers</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On March 17, 2008, the MoCI issued MoCI Regulation
No.02/PER/M.KOMINFO/3/2008 regarding Guidelines on Construction and Utilization
of Sharing Telecommunication Towers (&#8220;MoCI Regulation No.02/2008&#8221;). Under MoCI
Regulation No.02/2008, the construction of telecommunications towers requires
permits from the relevant governmental institution, while the local government
determines the placement and locations at which telecommunications towers may
be constructed. In addition, telecommunications providers that own
telecommunication towers and other tower owners are obligated to allow other
telecommunication operators to utilize their telecommunication towers without
any discrimination, with due regards to the technical capacity of the
respective tower.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Since the operations of telecommunication towers
involves a number of relevant Government bodies, on March 30, 2009, a joint
regulation is issued in the forms of Minister of Home Affairs Regulation
No.18/2009, Minister of Public Works Regulation No.07/PRT/M/2009, MoCI
Regulation No.19/PER.M.KOMINFO/03/2009 and Head of the Investment Coordinating
Board Regulation No.3/P/2009 regarding Guidelines for the Construction and
Shared Use of Telecommunications Towers (&#8220;Joint Decree&#8221;). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Joint Decree regulates that license for
telecommunication tower construction is to be issued by regents or mayors, and
for Jakarta Province, its Governor. The Joint Decree also provides for tower
construction standards and requires that telecommunications towers be made
generally available for shared use by telecommunications service providers. The
owner of a telecommunications tower is allowed to collect a fee, which is
negotiated with reference to costs associated with investment and operational
costs, the return of investment and a profit. Monopolistic practices in the
ownership and management of telecommunications towers is prohibited.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">16.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Content Provider
Service</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Content provider service is
regulated by the Ministry of Communication and Information through Regulation
No.21/2013 on the Management of Content Provider Services on Celullar Mobile
Networks and Wireless Local Static Networks with Limited Mobility, as ammended
by the Ministry of Communication and Information Regulation No.6/2015 of 6
February 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FUNO></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">FUNCTIONAL
OVERVIEW</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><a name=HC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">HUMAN CAPITAL</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Develop Great Leader, Great People, and Great
Culture</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Directorate
of Human Capital Management (HCM) Telkom has a great responsibility to continue
to support the achievement of business objectives of Telkom Group in order to
position the Company as one of the largest telecommunications companies in
Indonesia. Directorate of HCM supports our business through the implementation
of a competency-based human resource development strategy that is applied to manpower
planning, the process of selection and recruitment, learning and development,
performance management and career development programs, as well as compensation
and benefits scheme. To ensure that all employees have the appropriate
competence respective field and always maintain good quality in an effort to
realize the Company's vision, which is Be The King of Digital, the Company has
developed a competency development program that applies to all employees of
Telkom Group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The program
in question include a certification program and global talent program. Both of
these programs are running in line with efforts to welcome the ASEAN Economic
Community (AEC) which starts from the end of 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We believe
that human resources are the most important asset of the Company, and therefore
we have a strong commitment to developing the potential of our employees.
Employee development is done through appropriate training methods to empower
and improve their skills and expertise. Our competence development programs
include aspects of business and organizations, and includes product knowledge,
control and compliance, related to the effectiveness of individual
self-development, functional competence, leadership and character development
of employees. As such, we are committed to continue to develop the competencies
and capabilities of all employees; to always nurture good labor relations with
employees; and to create the interactive engagement among employees. In
addition, the Company also expects that every employee is fully responsible for
their self-development, and is committed to generating superior performance in
order to realize a professional corporate culture and global standards.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">The Company has developed a Human
Capital Master Plan to ensure the best management of Human Capital, in order to
support the implementation of corporate business strategy. Preparation of Human
Capital Master Plan was developed with reference to the long-term corporate
planning and annual plans and business strategies of each company incorporated
in the Telkom Group. Preparation of Human Capital Master Plan also refers to an
internal analysis and current issues related to Human Capital happens to the
world's leading companies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Related to human resource
management, we are committed to run the entire Human Capital program that have
been developed to reflect the essence of the program clearly (Get The Essence);
must be carried out effectively and efficiently (Effective and Efficient); and
using a personal approach or per individual employee (Personalized Approach).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">The principles of human resource
management is reflected in our Human Capital Master Plan, which is divided
into:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=MS style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Strategic initiatives of Human Capital for a period of five
years in the future;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=MS style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Key programs as the elaboration of a strategic initiative of
Human Capital;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=MS style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Strategic guidelines for each manager of Human Capital in the
Telkom Group; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=MS style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Strategic planning of workforce within the next five years,
which contains the annual HR plan in each company Telkom Group, including the
projections of the amount of human capital and employee productivity levels to
be achieved within the next five years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">Preparation of Human Capital Master
Plan of Telkom Group in an integrated manner will also assist the Company in
managing human capital as a whole, on target, and ensure the realization of the
role of Human Capital as a corporate strategic partner in order to achieve
business goals that have been set.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">To meet the human resource needs of
the business units, we have always relied on the principle of synergy and
optimization of internal resources available in Telkom Group. In addition, we
strive to offset the number of employees with HR competencies to keep pace with
growing business portfolio to focus on Digital TIMES business. We also strive
to improve the synergy and efficiency to all subsidiaries of Telkom Group, and
continue to infuse the application of the Company's core values that have been
set.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Optimalize
Resources, Creating Value Added</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">By 2015 the total
number of employees of Telkom Group are </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">24,785&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> employees, consisting of </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">16,097&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
Telkom employees and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8,688&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> employees of its subsidiaries. Telkom&#8217;s number of
employees decreased by 6.8% compared to position at December 31, 2014 amounted to
17,279 employees, in line with the continuation of multi-exit program as part
of efforts to revitalize and increase the efficiency of human resources has
been running since 2002.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Employee
  profile</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employee numbers as of
  December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,688</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,005</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,881</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,130</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25,011</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profile of Telkom
Group employees based on the position was changed. In </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, the number
of employees at senior management level amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">608&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> employees,
increased from </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> which to amounted </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">541&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> employees.
Number of employees in middle management positions amounted to 4,651 employees
in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, increased from 4,181 employees in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Meanwhile
decrease in the number of employees based on position occurs at the level of
supervisors amounted 13,017 employees in 2015, of 13,077 employees in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and
the number of employees in other positions, decrease to 6,509 employees in 2015
from 7,485 employees in </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td colspan=9 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employee profile by
  position</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Position</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Management</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">187</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">421</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">608</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Middle Management</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,281</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,370</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,651</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18.8</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Supervisor</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,913</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,104</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,017</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">52.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,716</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,793</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,509</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">26.3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,688</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Position</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Senior Management</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">151</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">390</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">541</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Middle Management</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,939</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,242</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,181</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16.5</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Supervisor</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,233</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,844</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,077</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51.7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,956</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,529</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7,485</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">29.6</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,005</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, the
composition of our employees by education level was dominated by university
graduate amounted to 12,182 employees, while we had 5,248 pre-university
employees, 4,855 diploma graduate employees, and 2,500 post-graduate employees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employee profile by
  educational background</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Level of Education</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Post Graduates</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,819</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">681</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">University Graduates</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,082</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,100</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,182</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">49.2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Diploma Graduates</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,655</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,855</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">19.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pre University</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,541</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">707</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,248</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">21.2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,688</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Level of Education</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Post Graduates</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,738</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">598</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,336</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">University Graduates</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,159</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,610</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,769</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">46.6</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Diploma Graduates</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,093</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,091</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,184</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pre University</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,289</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">706</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,995</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23.7</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,005</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Profile of employees by age in
2015 is as follows. Employees over the age of 45 years were amounted to 12,911
employees, while employees under the age of 30 years amounted to 3,126
employees and employees between 31-45 years were amounted to 8,748 employees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employee profile by age
  group</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Age Group</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;30</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">893</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,233</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,126</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">31 - 45</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,386</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,362</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,748</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">35.3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&gt;45</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,818</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,093</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,911</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">52.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,688</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Age Group</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&lt;30</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">680</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,963</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,643</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">31 - 45</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,784</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,117</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,901</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">35.2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&gt;45</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,815</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">925</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,740</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">54.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,005</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">From the data on the
composition of the Telkom Group employees based on gender, in 2015 employee profile
was largely dominated by male employees were amounted 19,312 employees compared
to female employees were amounted to 5,473 as illustrated by the following
table</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Employee profile by
  gender</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Gender Group</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Male</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,935</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,377</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">19,312</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">77.9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Female</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,162</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,311</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,473</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,688</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">24,785</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Gender Group</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=64% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Subsidiaries</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom Group</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Male</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,091</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,824</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">19,915</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">78.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Female</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,188</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,181</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,369</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">21.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">8,005</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">25,284</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">100.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Implement Innovative
Programs In The Year Of Culture</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Throughout 2015, we created 10 program initiatives
with the theme of 'the year of culture'. The main program initiatives focus on
the activation of the cultural values within the companies that are part of our
long term plan to build the &quot;Great Leader, Great People and Great Culture.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Through Nurturing Culture Activation program, each
unit activating the values of the corporate culture in the daily work in a creative
and fun way.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We believe that programs for cultural activation is
the driving force for all employees to contribute the maximum productivity to
the Company while maintaining cultural entropy remains at the optimum point.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">10 program initiatives are as follows :</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Improve Worklife Balance</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Nurturing Program for  4R</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Career Committe</font></p>
  </td>
 <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Employee Career Development Evaluation Committee</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Post Assessment Development</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Program Development of the Gap Dimensions Within Individual
  Assessment</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Learning Solution with  Aligned Business</font></p>
  </td>
 <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Business Solutions Based on Case Studies in the
  Field Through the Class Method</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Culture Activation</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Activate Cultural Values in Each Unit within the
  Company</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Employee Volunteer Program</font></p>
  </td>
 <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Social Program to Support Employee Social Activity in
  the Society</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Creative &amp; Innovative Communication</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Creative Communication for Employee</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Early Retraitment Program</font></p>
  </td>
 <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Early Retirement Program for Replacing with the New
  Generation</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Dual Career &amp; Simplify Remuneration</font></p>
  </td>
 <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Dual Career &amp; Simplify Remuneration</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Support business portfolios</font></p>
  </td>
 <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face="Times New Roman" style="font-size:10.0pt;">Transformation Organization to Support Business
  Portfolio</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Ensuring Talents
Acquisition</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The strategic objective of our recruitment program
is to get the best HR (</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Find The Best Talent</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">) in the labor market, so
that the objective of the Company to undertake the regeneration of Telkom's
future leader can be realized; and also to strengthen our excellence in
business. Our recruitment program consists of a fresh graduate recruitment
process which aims to capture potential future leader who has the qualities and
competencies that can meet the global requirements; besides that we also
recruit professionals to get expert professionals with deep expertise (deeper
skills). Fresh graduate recruitment is done with a composition of 75% through
our initiative with visits to leading universities (Talent Scout) and 25% over
regular admission. Therefore, in 2015 we held a series of rigorous selection
program with the aim to ensure the suitability of candidates to the Company's
needs. Recruitment program that is run by Telkom Group has always relied on the
optimization of internal human resources. The success of the recruitment
process also relies on the synergy between the Company and its subsidiaries
whose activities include: the implementation of the career days, the
implementation of the campus recruitment, management of database sharing,
sharing of infrastructure and facilities, and other forms of synergy based on
need.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In 2015, we have recruited 387 new employees.</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">HR Recruitment</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number (person)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">387</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">224</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">206</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">53</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Early Retirement Program</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To create a more effective and competitive business
environment, we also have an Early Retirement Program (&#8220;ERP&#8221;). The program is
run in line with the execution of the 2014 to 2018 Human Capital Master Plan
which is expected to release </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;">1,548&nbsp;</font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> employees. This program
is offered to employees who are deemed to have met certain requirements in
terms of education, age, position and performance. In 2015, we spent Rp683
billion as compensation for 576 employees who participated in the ERP.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Strengthening Employee
Competency Development</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Competency
Based Human Resources Management (&#8221;CBHRM&#8221;)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">We define
human capital competency development strategy as outlined in the Human Capital
Master Plan to align with the business strategy of the Company through the
division of CSS and Corporate Annual Message (&quot;CAM&quot;). Furthermore,
the competency development strategy described in stages through the Learning
Blueprint, Development of Curriculum (DACUM), Learning Road Map, and Human
Capital Development Plan (&quot;HCD Plan&quot;) which is always updated to
match the dynamics and needs of the ongoing business.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom
Group's competency management concept is based on the organization's core
competencies outlined in the Learning Blueprint, which subsequently developed
into groups of core competencies aligned with its business strategy and to
enhance the ability of individual employees. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Telkom
employee competency development efforts focus on:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=vrinda lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">the development of
culture, which focuses on the internalization and strengthening the Company's
core values as the basis of cultural formation, namely Solid, Speed, Smart
called Telkom 3S;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=vrinda lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">development role
capability, which is focused on the development of personal qualities required
by each chosen / defined role categories; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=vrinda lang=IN style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">the development of
appropriate capability in line with the work demands.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Following
up the process of business transformation focus on TIMES business,
strengthening HR competence is also done through learning and education
focusing on development and strengthening of competence. We give priority to
learning processes that directly relate to business issues and ensure a direct
impact on improving the performance of the employees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">In
preparing for the competition in 2015, Telkom began preparing for competency
development and talent into the digital age company. In addition to hard skills
(Telco 1.0) related infrastructure is also required soft skills (Telco 2.0)
related to product innovation business (service development, partnerships,
software and design, customer experience management, customer data, the
financial model), big data related to the use of databases in particular
customer data behavior (psychology, statistics, math) and digital (user
experience, user interface, design).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HR competence
development is done through training and education that focuses on competence
change and competence development, both directly and indirectly related to the
business strategy and operations. In addition, we also organized various
improvement programs and competency training for its employees who are
currently managed through the establishment of CorpU. In 2015 Corpu has
graduated as many as 187 people for certification. Leadership program has held 9
courses, and has approved as many as 233 people. Regular training has been
carried out as many as 928 programs with participants as many as 17,424 people.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Human Capital Investment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To implement
training and education program in 2015, the Company </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">spent&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Rp393
billion or average of Rp15.9 million per employee. In 2014, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we spent </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rp195
billion, or average budget per employee of Rp7.7 million.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Here is the amount
of training conducted in the last five years</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Competence Development</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total training</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">928</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,191</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,261</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">774</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">650</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee
Remuneration</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">By 2015,
the establishment of policies and the provision of benefits to employees of
Telkom will adopt more of the philosophy of Total Rewards, as one form of
competence and performance-based approach.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">From the
point of view of employees, the monthly salary of course, is still the main
attraction. Even more interesting is the emergence of new factors are
considered by the employees, namely certainty in pursuing the career ladder and
balance between work and personal life (worklife balance). These new factors
are what we're focusing in developing new benefits policy for employees, to
increase interest (attraction) and retention (retention) of the recruits of
human resources.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Associated
with the global crisis still faced by the Company in 2015, the attraction and
retention is becoming increasingly important because of the difficult
conditions, the best employees (Top Talent) shall be major contributors to the
growth of the company. The approach to the management of Top Talent in an
integrated manner, the Company has implemented Total Rewards based on
Foundational Rewards, Performance Rewards, as well as the Career and Environmental
Rewards.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Telkom is
committed to providing competitive remuneration package in accordance with laws
in force. Periodically, Telkom also carry out benchmarking market prices.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Based on
the purpose of the remuneration, remuneration system components Telkom is
divided into three (3) main sections called 3P Remuneration System, which are:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Pay for Person</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">The remuneration component which is presented in
recognition of individual competencies of each employee in accordance with the
required competence profile in the current position and work period. Movement
of pay for persons through the adjustment of remuneration is determined based
on the results of the competency assessment and adjusted to the comparatio
conditions of such remuneration.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Pay for Position</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">The remuneration component given to appreciate the
policy, expertise and accountability required for a position. Movement of pay
for positions through the adjustment of remuneration is determined by the class
position of the employee as well as the characteristics of Duties and Functions
of their unit.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Pay for Performance</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">The remuneration component granted to reward employee
performance that successfully meet the targets set for the period. The process
of setting the remuneration of employees on pay for performance component is
done by considering the Individual Performance Value (NKI) and Units
Performance Value (NKU).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Based on
the type and nature of the components of remuneration, the Telkom Remuneration
Structure consists of two (2) main components, namely:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Compensation&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">This component consists of Monthly Salary, Allowance,
Leave Allowance and income tax (PPh 21).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=MS style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Benefit&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">This component consists of Fixed and Variable
Benefits. The second sub-component is given in the form of Cash and Non-Cash
Benefits.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Relating to
employee bonus scheme, the Company will normally be allocated a budget in the
current year, but will distribute them in the year following the financial
statements audit process is completed and after approval by the General Meeting
of Shareholders (GMS). Bonuses are only given when the net income target is
achieved.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">Remuneration of
  Employees</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">Amount paid (Rp
  billion)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">11,874</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">9,616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">9,733</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">9,786</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">8,555</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee
Reward</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
company realizes the role of employee engagement as a key to guide the company
to a higher level and achieve success in running the business; is also a major
force to achieve the ultimate goal of the Company. One of the variables that
can affect employee engagement is the award made by the company. In order for
the main purpose of granting appreciation to be successful, employees must have
the view that both financial rewards and non-financial award are valuable,
hence effectively producing employees who are productive, engaged, and
satisfied, which will ultimately result in the Company's desired performance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Setting,
management, and the granting of Award for Telkom employees must meet the
following principles:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-27.0pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Align - Award management must align with the Company's
performance in giving Awards.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fair, any employee who is entitled to an Award are
those with higher contribution than employees who contribute less, if it has
met the criteria set.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Objective , the nomination and determination of the prospective
recipient of the award is done through proper, transparent, and accountable
assessment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Granting
Criteria for Internal Reward (Individual Recognition)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">No.</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Type Of Award</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Criteria For Prospective Recipient
  (Participating In Selection Tests)</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=44% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Basis For Considerations</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">The Best Leader</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Top Talent (Very Hipo &amp; Hipo)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">In line with Best People Masterpiece Program (Find Best Talent)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">The Best Manager</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Top Talent (Very Hipo &amp; Hipo)</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">In line with Best People Masterpiece Program (Find Best Talent)</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">3</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">The Best Staff</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Top Talent (Very Hipo &amp; Hipo)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">In line with Best People Masterpiece Program (Find Best Talent)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">4</font></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">The Best Innovator</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">All Employee</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">The fact is that not all innovators are included in The Top Talent
  Cluster</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">5</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Religious Award:</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=5 valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">All Employee (P3/K3 &amp;Working Period Of More Than 10 Years)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=5 valign=top width=44% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Religious awards are not solely to appreciate achievements but also
  for the purpose of character development according to The Telkom Way. The
  stipulation on the working period of 10 years is to give the opportunities to
  Gen X etc (Gen Y will still have many chances)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">A. Hajj</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">B. Umrah</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">C. Christian Pilgrimage</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">D. Tirta Yatra</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">6</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Telkom CSR Award</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">All Employee</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">In accordance with The Employee Volunter Program, not all TCSR
  contributors are included in The Top Talent Cluster</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">7</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">Indihome Competition</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">All Employee (Telkom Group)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">In accordance with The Anorganic Program Development Plan (Indihome)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Every
year, we provide some form of recognition to increase employee morale in
supporting the achievement of business objectives, corporate value, quality
service to the customer and employee performance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IT
based HC Services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Human
resources services based on information technology (&quot;IT&quot;) that we
have developed since 2009 continues to be optimized, such as e-Learning, Online
Scholarship Registration, Olnline Individual Working Target W(&quot;SKI&quot;)
Online, Online Presence, Warrant Travel Agency (&quot; SPPD &quot;), Online
Leave, Online Career, Competency Assessment, Online Distinct Job Manual, Online
SPT, Retirement Application, Learning Card, ESOP Share Purchase Application,
Application Knowledge Management (KAMPIUN), and Health Information Website.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Since
2015, the HR service has initiated a project called Integrated Human Capital
Management System (IHCMS) that begins with the integration of all HR data of
Telkom Group, including Subsidiaries and Affiliates in the same system so as to
facilitate the management for analysis and reporting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Ingenium
is a Fast Track application development and Online Career, ie applications that
enable every employee to make their own career plan in accordance with what
they wanted. As a result, this system facilitates management in selecting the
most appropriate candidate to fill the position.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
also have implemented a variety of applications such as process of automation,
electronic memos, virtual meetings, unified communication, shared files, online
surveys, personal workbook and intranet.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
addition, in order to strengthen internal communications, particularly related
to HR policies, we provided the website of </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Human Capital Management</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, as
well as employee helpdesk that can be accessed by employees who want to know
the various policies and other information related to the management and
development of the Employee Corner in Telkom portal consisting of </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee
Aspiration and Vote Aspiration</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, as well as </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee Helpdesk</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee
Wiki</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Employee Reference</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> can be accessed by employees who want to
know the various policies and other information related to the management and
human resources development.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
also optimize media employee relations and human resources service center to
ensure the issues associated with employees can be handled and communicated
effectively. We have also set up telephone facilities, personalized service,
email and website in order to facilitate communication between employees and
HR.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pension Program</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We have
three retirement programs namely Defined Benefit Pension Plan
(&quot;PPMP&quot;) and Defined Contribution Pension Plan (&quot;PPIP&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Defined Benefit Pension Plan
(PPMP)</font></p>

<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">PPMP pension calculation for participants is
calculated based on years of service, salary level at retirement and is
transferable to dependents if the employee dies. Telkom Pension Fund is in
charge of managing this program. The main source of the Pension Fund is derived
from contributions of employees and the Company. Employee participation in the
program is 18% of basic salary (prior to March 2003, the employee contribution
rate was 8.4%, while the Company contributes the remainder, being reached Rp182
billion per 31 December 2013, Rpnil as of December 31, 2014 and Rpnil for the
fiscal year ended on December 31, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=vrinda lang=MS style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Telkomsel also conducts PPMP for its
employees. Through this program, employees are entitled to pension benefits
that are calculated based on net base salary or salary last received and the
period of service of employees. Telkom manages this program based on an annual
insurance contract. Until 2004, the employee contribution to this program is 5%
of the salary paid every month, while Telkomsel pay the rest of the defined
contribution. Since 2005, the contribution to the program is conducted entirely
by Telkomsel. In addition, Telkomsel also provides rewards program for
employees with a long period of service in the form of cash or additional
leave. This award is given to employees who have worked for a certain period or
upon termination of employment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Defined Contribution Pension
Program (PPIP)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=vrinda lang=MS style="font-size:10.0pt;">-</font><font color=windowtext face="times new roman" lang=MS style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=MS style="font-size:10.0pt;">Telkom holds a defined
contribution pension plan for permanent employees who were recruited since 1
July 2002. The PPIP is managed by Pension Fund Financial Institutions
(&quot;DPLK&quot;), in which employees can choose among various DPLK which organizes
this program. The company's annual contribution to the PPIP is determined based
on a certain percentage of the basic salary of the employee participant, which
reached Rp6 billion, Rp6 billion and Rp7 billion, respectively for the years
ended December 31, 2013, 2014 and 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Expenses for Retirement
  Program</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PPMP (Rp billion)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">Nil</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">Nil</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">182</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">186</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">187</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">PPIP (Rp billion)</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Health Service Program</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Health care
for employees and their immediate family and dependents are managed by Yakes.
These health services are expected to have an impact on improving the
productivity of the company. Every year we organize medical check-ups for
employees, which results in health status (stakes).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We have
published a policy of healthy living paradigm. Health insurance is also
provided to all employees who have retired, including dependent relatives, in
two types of funding, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Employees who are
appointed as an employee prior to November 1, 1995 and have a service life of
more than 20 years, are eligible for the guarantee of health services managed
by Yakes Telkom;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">All other permanent
employees obtain health services in the form of insurance benefits.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=MS style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Employees of subsidiaries
are given medical benefits through health insurance program sponsored by the
government, known as BPJK.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The amount
of costs that we spend on health insurance program for employees in the last
five years is illustrated in the following table</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">Employee Health
  Service Expense</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=40% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">Total (Rp billion)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">174</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">153</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">162</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">150</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">121</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Industrial Relation
Management</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Referring
to the Presidential Decree No.83 / 1998 on the Ratification of ILO Convention
No. 87 of 1948 concerning Freedom of Association and Protection of the Right to
Form Organization, Telkom employees has set up &quot;Telkom Employees
Union&quot; or &quot;SEKAR&quot;. Until </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">December
31, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">2015, SEKAR consists of 14,</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">472&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">
employees or 8</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">9</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">% of the total number of Telkom employees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">In
accordance with Law No.13 / 2003 on Employment and Labour Agreement
(&quot;PKB&quot;) and the Regulation of the Minister of Manpower and
Transmigration No.16 / 2011 on Procedures for the Preparation and Approval of
the Company's Regulations and Development and Registration of Collective Labor
Agreement, SEKAR owns the right to represent PKB negotiations with the
employees in the Company's management.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">By 2015,
the industrial relations between management and SEKAR has strived to be better
than in previous years through a biennial program which is BKP Composition VI
2015-2017. To implement the program more effectively and efficiently, we
conducted a series of activities, among others:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Training of PKB
Composition</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">This training aims to equip the members of the
negotiating teams of both the Management and of the SEKAR in the preparation of
PKB, providing a forum to get to know each other, to provide an understanding
deep enough in the early stages and the stages of PKB negotiations, and also
that the preparation of PKB can run smoothly, effective and efficient.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Changes of PKB</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">PKB is structured as a reference the basic rules
(parent rules) which contains simple basic things and will not be changed
during the validity period. Whereas matters of a technical nature are made
separately as its own rules, but is not an integral part of the PKB and at any
time can be altered according to the needs of the record does not conflict with
the PKB parent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Bargaining of PKB VI</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">PKB VI negotiations in 2015-2017 conducted as much as
6 rounds and have resulted in agreement on the remuneration system and a new
non-remuneration. One deal was about Restructuring Remuneration which changes
monthly salary payment method which was the year the employee receives a salary
as much as 21.5 times will be changed to 15 times a year starting in 2016 and
beyond; as well as an agreement on the total increase in salary a year (Total
Guarantee Cash) in 2016 and 2017 refers to the salary survey, inflation and the
ability of the Company. These negotiations is the fastest compared to the
negotiations held in previous years. The costs incurred were much less than the
costs incurred in previous years, so that the course of negotiations to become
more effective and efficient.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">d.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Signing the PKB VI</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">After the agreement between the negotiating teams of
each party, and then signing the PKB VI on September 18, 20</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">i</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">15 in
Simalem, Medan, North Sumatra by Telkom President Director and Chairman of
Sekar Telkom witnessed by the members of the negotiating teams of each party
and also the Chairman DPD of Sekar Indonesia. The signing marks the PKB VI
collective agreement binding on all parties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">e.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Bipartite Cooperation of Instution</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Communication
forum that required by the Labor Law between the Company and the union, carried
out at least in three months or any time within the period if there are issues
need to be solved.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">In addition to the
above activities, Telkom as Parent Company conducts the fostering of management
of industrial relations to subsidiaries by providing troubleshooting guide of
industrial relations and help resolve problems that arise and dissemination of
Telkom policies related to the management of industrial relations. Here's a
list of union employees </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">of Telkom and our
subsidiary, Telkomsel</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Industrial Relation
  Management</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number of Telkom employees (people)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16,097</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,279</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,881</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">19,185</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">19,780</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number of SEKAR members (people)</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,472</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15,526</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16,283</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17,931</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">18,691</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Percentage of membership (%)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">89.90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">89.85</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">91.06</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">93.46</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94.49</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number of Telkomsel
  employees (people)</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,660</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,588</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,294</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,550</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4,440</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Number of SEPAKAT members (people)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,652</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,723</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,972</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,731</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3,730</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Percentage of membership (%)</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">78.37</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">81.15</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">92.50</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">82.00</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">84.01</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Promoting Work-Life
Balance</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We
provide the opportunity for all employees to participate in various
extracurricular activities, especially those that can support employee
productivity. Employee extracurricular activities include the fields of
religion, culture and sports.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">In
the religious field, extracurricular activities organized among other Telkom
Group Christmas, Easter celebration Telkom Group, Ecclesial Choir Song Contest,
Book Fair, Qur'an recitation competition, Utsawa Dharma Gita, Sloka and Ballad
Reading, Musabaqoh Tilawatil Quran, Pesantren Ramadan, and others.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">In
the field of culture, the activities undertaken include Art of Gamelan,
Kroncong, Bakti Bagi Negeri, Photography (Photo - 135), Toastmaster Club
(Public Speaking &amp; Leadership), and others. For the field of sports,
activities included are Fishing, Tennis, Basketball, Bicycles, Motorcycles,
Table Tennis, Nature Lovers, Zumba, Yoga, Aerobics, Tennis, Running (Runner
Telkom) and others.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">This
extracurricular activity we call 4R comprising of: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&#8220;Olah Ruh&#8221;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">Telkom Group
  Christmas, Easter celebration Telkom Group, Ecclesial Choir Song Contest,
  Book Fair, Qur'an recitation competition, Utsawa Dharma Gita, Sloka and
  Ballad Reading, Musabaqoh Tilawatil Quran, Pesantren Ramadan, and others.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&#8220;Olah Rasa&#8221;</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">Art of Gamelan,
  Kroncong, Bakti Bagi Negeri, Photography (Photo - 135), and others.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&#8220;Olah Rasio&#8221;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">Toastmaster Club (</font><i><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">PublicSpeaking
  &amp; Leadership</font></i><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">).&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&#8220;Olah Raga&#8221;</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">Fishing, Tennis,
  Basketball, Bicycles, Motorcycles, Table Tennis, Nature Lovers, Zumba, Yoga,
  Aerobics, Tennis, Running (Runner Telkom) and others.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Olimpiakom
Telkom Group 2015</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Olimpiakom
Telkom Group is a major event for all Telkom Group employees. This event that
is planned to be held every three years is a form of work-life integration
initiative that combines the elements of spiritual, sense, rational and
physical development (Olah Ruh, Olah Rasa, Olah Rasio dan Olah Raga) to foster The
Telkom Way values in order to achieve a balance in life and achieve optimal
performance. Olimpiakom is also a means to develop the talents and interests of
Employees outside of their field of work. The Company realizes that by
balancing the professional and personal development of the employees, the
Company will create a work culture with full integrity, totality, and
enthusiasm.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The 2015
Olimpiakom Telkom Group was held on 4-6 November 2015 with the theme of
&quot;Strengthening Smart Working Through Worklife Integration and Strong
Culture&quot;. The event was attended by participants from Telkom Group with
work areas throughout Indonesia. The main event of Olimpiakom 2015 was held in
a more festive atmosphere since it also commemorates the 20<sup>th</sup>
anniversary of the IPO (Initial Public Offering) of Telkom in 1995.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Areas
conducted in the 2015 Olimpiakom Telkom Group include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Areas</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=73% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Branch</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Spiritual Development</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Spiritual Festival</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (MTQ, Church Choir, Sloka Reading, Religious Song
  Contests)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td rowspan=3 valign=top width=25% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Sense Management</font></b></p>
  </td>
 <td rowspan=3 valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=73% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Culture Festival</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (Most Inspiring Culture Agent, Most Inspiring Role
  Model, Most Admired Culture Activation Unit) </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=73% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Art Expression Festival</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (Group Band Competition, Dangdut, Stand Up Comedy)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=73% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Integrity Festival</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (Integrity Program Internalization Video Contest,
  Talking About Integrity, Expression On Picture)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td rowspan=2 valign=top width=25% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Ratio Management</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Duta Telkom</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (male and female Telkom Ambassador)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=73% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Frontliner Contest</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (best supervisor plaza, best CSR plaza, best agent
  147 complaint handling)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td rowspan=2 valign=top width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Sport</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=73% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Sport Competition</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (futsal, volleyball, table tennis, tennis,
  badminton)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Health Paradigm</font></b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;"> (the value of health)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 5.75pt 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img alt="Description: D:\HCC\EMPLOYEE RELATION\CULTURE\OLIMPIAKOM2015\OlimpiakomER-15\New folder\FA olimpiakom mascot-Raga.jpg" border=0 height=162 src="x16040107551200.gif" width=127><img alt="Description: D:\HCC\EMPLOYEE RELATION\CULTURE\OLIMPIAKOM2015\OlimpiakomER-15\New folder\FA olimpiakom mascot-Ruh.jpg" border=0 height=162 id="Picture2" src="x16040107551201.gif" width=125><img alt="Description: D:\HCC\EMPLOYEE RELATION\CULTURE\OLIMPIAKOM2015\OlimpiakomER-15\New folder\FA olimpiakom mascot-Rasa.jpg" border=0 height=171 id="Picture3" src="x16040107551202.gif" width=126><img alt="Description: D:\HCC\EMPLOYEE RELATION\CULTURE\OLIMPIAKOM2015\OlimpiakomER-15\New folder\FA olimpiakom mascot-Rasio.jpg" border=0 height=171 id="Picture4" src="x16040107551203.gif" width=142>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">OLLIE the
mascot uses an approach that is in line with the Olimpiakom logo. The concept
of solidarity is described by the combination of four colors of Body, Spirit,
Sense, and Ratio, shown by the heart and the head, which represent the mind and
the heart as the center to establish solidarity. The digital concept is shown
by the shape of the eyes and lips, which are bit art (a bit is the smallest
digital unit). The expression of smiling lips and piercing eyes depict
intelligence and cheerfulness.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IT></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">INFORMATION
TECHNOLOGY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The role of
information technology (IT) is very vital for the Company to support the
business process, be it front office or back office. As an inseparable part of
all organization&#8217;s functions, information technology is organized based on the
strategic direction that is commonly consolidated in the management of Network
and IT Solution.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">The
management of Telkom&#8217;s information technology is based on the vision </font><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&#8220;To be
Telkom Group&#8217;s&#160; Strategic Technology&#160; Leader.</font></i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&#8221; This vision illustrates that
aside from managing the internal IT, Telkom&#8217;s IT covers the IT Group&#8217;s strategy
and coordinates subsidiaries IT plans to ensure sinergy and harmony.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">We believe
that IT will play and important role in realizing Telkom&#8217;s vision to be the
leader in the TIMES leader regionally; IT is used to support the innovative
business service transformation through the selection of effective,
best-in-class technology, that can be optimally implemented. Through IT,
competitive capabilities are developed to create new business opportunities for
the company. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Subsequently,
the vision is realized through the following missions: </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=MS style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">to deliver solutions with outstanding </font></i><b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">value&nbsp;</font></i></b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">
and exceptional </font></i><b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">customer experience</font></i></b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=MS style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">to deliver solutions that meet with market demands
in a fast </font></i><b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">time to market </font></i></b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">and </font></i><b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">cost efficient </font></i></b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">manner.&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=MS style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=MS style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">to provide an </font></i><b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">engaging working environment </font></i></b><i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">where
people are inspired to collaborate and deliver their best work toward a common
goal</font></i><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">These
missions set the direction of information technology management through the
initiatives to grow and implement digital culture, with the business objective
of providing nation-wide converged and secured IT platform as a foundation for
the company&#8217;s digital business expansion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=MS style="font-size:8.0pt;">&nbsp;</font></b></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">IT
Operation Model Structure</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">Telkom
Group&#8217;s complex information technology management requires good and solid
operational governance. Telkom Group&#8217;s information technology operation model
is directed to be able to provde operational and business supports to the
Company in effective and efficient manners, by optimizing the resources owned.
The implementation of Telkom Group&#8217;s IT is manifested in the forms of Shared
Service Operation and Center of Excellence. Below is the IT Operation Model
chart: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><img height=298 src="x16040107551204.gif" width=627>&nbsp;</p>

<p style="margin:0in;margin-bottom:.0001pt;"><img align=left alt="Text Box: Centralized in Center of Excellence" height=51 src="x16040107551205.gif" width=138><img align=left alt="Text Box: Shared in IT Shared Service Center" height=53 src="x16040107551206.gif" width=124><img align=left alt="Text Box: Coordinated at Telkom Group Level" height=53 src="x16040107551207.gif" width=130><img align=left alt="Text Box: Retained in Respective Subsidiaries" height=58 src="x16040107551208.gif" width=137></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=MS style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">This IT
Operation Model is focused on provision of services to achieve cost efficiency
and improvement of productivity, through: subsidiaries for special services,
Shared Services Center for general and standard services, and Center of
Excellence for the development of new IT capabilities. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">To support
the company&#8217;s strategy, IT develops strateguc capabilities through these
initiatives: </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=MS style="font-size:10.0pt;line-height:normal;">IT Operating
Model, Agile IT &amp; Security Infrastructure, Next Generation OSS, Seamless
Customer Experience, Big Data Analytics, Cloud Services, Mobility Services,
Business-to-Business (B2B) dan Application Programmng Interface (API) Factory.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CORPORATE
GOVERNANCE</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8220;</font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We
are establishing 2015 as the year of the culture to implement the basic
principles of Good Corporate Governance (GCG). By making GCG basic principles
as the culture in conducting daily operational tasks, we believe that the
quality of the GCG best-practice implementation will be maintained and proven.
Thus, we can feel the benefit of the GCG best-practice implementation,
especially the increase of the company&#8217;s value and fulfilment of the
stakeholders&#8217; hope.</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8221;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TPOGCGI></a><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">THE PURPOSE OF GOOD
CORPORATE GOVERNANCE IMPLEMENTATION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom implements
the best practice of good corporate governance with some purposes, which
include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Maximizing the
company&#8217;s value and stakeholder&#8217;s value.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Encouraging
professional, transparent, and efficient management of the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Empowering the
functions and improving the independence of the Shareholders, Board of
Commissioners, Board of Directors, Committees, and Company Secretary.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Paying attention to the
responsibility that the company holds to its surrounding society and
environment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Increasing the company&#8217;s
contribution to national economy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Increasing national
investment climate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">COMMITMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
commitment of the Company in implementing GCG is shown by the release of Board
of Directors&#8217; Resolution on the GCG Group Guideline Number 602/2011. This Board
of Directors&#8217; Resolution has stated several GCG implementations to ensure that
GCG has been implemented with ethics, both for internal or external
transactions, and in accordance with the correct and proper practice of good
corporate governance. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
abovementioned GCG implementation system includes: business ethics, policy and
procedure, risk management, internal control and surveillance, leadership,
tasks and responsibilities management, the empowerment of management and
employees&#8217; competence, performance evaluation, as well as appreciation and
recognition.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
commitment to implement GCG principles in a planned, directed, and measured
fashion in every company&#8217;s operational level also covers the entire range of
management, down to the executive level, so that there is consistency in the
GCG best practice implementation. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CF></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CONCEPT AND FOUNDATION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">As an
issuer (public company) that is enlisted in the Indonesian Stock Exchange (</font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Bursa
Efek Indonesia</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">/BEI) and the New York Stock Exchange (&#8220;NYSE&#8221;), the Company
not only must obey all applicable law and regulation in Indonesia, the General
Guideline of Indonesian Good Corporate Governance published by KNKG and the
Guideline of Public Company Governance of published by OJK, it must also obey
the Sarbanes Oxley Act (&#8220;SOA&#8221;) of 2002 and other SEC regulations in
implementing GCG.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">There are
at least two SOA regulations that are relevant with Company affairs. First, SOA
Section 404 that states that the management is responsible for Internal Control
Over Financial Reporting (&#8220;ICOFR&#8221;), to ensure the reliability of financial
reporting and the preparation in publishing the financial report. Second, SOA
Section 302 that requires the company to be responsible for the formulation,
maintenance, and effectiveness evaluation of the procedure to ensure that
information in the report is consistent with the US Stock Exchange Law. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
Company and the entire business group always attempt to improve the
implementation of GCG so that it is consistent with the business demand and the
advanced industrial changes. The strengthening of Telkom Group GCG is built and
developed to create an ethical (GCG as ethics) and dignified business practice,
as well as to show that the Company has been managed in an accountable,
transparent, and responsible manner, so that it could grow the sense of
security and confidence of the investors and potential investors to continue
supporting the company&#8217;s development. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">In
implementing the best-practice good corporate governance, we always try not
only to be able to well-manage risks, but also to make the Company able to
respond to every changes that happened and to make use of that changes into
something that can build the capacity and increase the value of the company in
order to support the accomplishment of its goals and the long-term
sustainability of the Company.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FAROTSOGI></a><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">FRAMEWORK AND
ROADMAP OF THE STRENGTHENING OF GCG IMPLEMENTATION PRACTICE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom
builds GCG framework and roadmap to ensure that GCG implementation is formulated
based on mutual understanding between the management and the entire elements of
the company, and internalized based on 4 (four) main pillars, which include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Business ethics
application that comprises of the Company&#8217;s cultural values, which are being
communicated to the employees and of which the employees&#8217; understanding is
being surveyed every year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The management of
effective policy and operational procedure that is consistent with the business
demand, as the guidance for the Company&#8217;s management and the guideline for the
employees&#8217; work.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of
comprehensive risk management based on COSO Enterprises Risk Management; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Internal surveillance
and the implementation of internal control based on COSO Internal Control, in
particular internal control over financial reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To
achieve that, Telkom has formulated GCG Telkom Framework to guarantee the
sustainability of the company:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">GCG Telkom Framework Chart</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=469 src="x16040107551300.jpg" width=601>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom continues
to refine and improve the quality of GCG implementation, by implementing new
initiatives to integrate the management of Good Corporate Governance Risk and
Compliance (GRC) comprehensively through the management of business
performance, GCG, risk management, legal compliance, and social responsibility
that mutually support one another for the realization of the Company&#8217;s growth
and business continuity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom
believes that GCG is not an obstacle, but in the contrary, it is the pillar of
sustainable performance growth. The quality of our GCG implementation has been
well recognized by external assessor and investors&#8217; perception. Therefore, we
continue the efforts to improve GCG policy and supporting-system infrastructure
through novel initiatives to strengthen the quality of good corporate
governance practice implementation that we classified into Three Main Pillars,
which consist of:</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Strengthening of Good Corporate
Governance Structure</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Building good corporate governance
initiative to strengthen the effectiveness of communication and relationships
between the organs of the Company. This is done to avoid the potential agency
problem and to achieve effective chemistry among elements in the Company
organization by paying attention to the check and balances. The Strengthening of
Good Corporate Governance Structure is characterized by the speed and accuracy
of decision making through: evaluation and the strengthening of BoD/BoC/Audit
Charter; committee empowerment; the implementation of &#8220;six eyes principles&#8221; to
guarantee the accountability of business initiative; Notarial Deeds; etc.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Strengthening of Good Corporate
Governance Process</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Building good corporate governance
initiative to strengthen effective and efficient good corporate governance. It
is done by: implementing Enterprise Risk Management; implementing integrity
pact in the scope of the business group; strengthening IT governance; and
remedying internal control to guarantee the reliability of financial reporting
in the strengthening of the leadership system; etc. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Strengthening of Culture</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Embedding noble virtue through the
implementation of Company culture and business ethics as a modality for
practicing a dignified business ethics and having employees with integrity and
commendable moral through: the implementation of segregation of duties (&#8220;SOD&#8221;)
in the business process, the leadership role modelling, the conduct of business
ethics and practice that uphold prudential principle, the strengthening of the
Company&#8217;s values, and others.&#160; </font></p>

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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Organization Sustainability Chart</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><img border=0 height=365 src="x16040107551301.jpg" width=643>&nbsp;</p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=RMSCG></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">ROAD MAP AND STRENGTHENING OF CORPORATE GOVERNANCE</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:115%;">Roadmap of the Implementation and
Strengthening of GCG 2010-2016 </font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">PERIOD</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=86% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">ACTIVITY</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2010</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance organ through the notarial powers policy and the strengthening of
  the Company&#8217;s Culture &#8220;</font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Telkom Way</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8221;.&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of the good corporate
  governance process through risk-management as an inherent culture.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2011</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance organ through the initiative to build Telkom Group GCG by
  stipulating The Telkom Group GCG Guideline as regulated in Company policy
  Number PD.602/2011.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance process to ensure that the risk management and conformity run
  effective in the Company.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2012</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance organ through the empowerment of Telkom Group GCG, the design of
  GCG implementation checklist and GCG self-assessment guidance for subsidiary
  entity, and the appointment of the Board of Directors of subsidiary entity as
  members of the executive board of Telkom Group and as Vice President of
  Telkom according to their tasks and responsibilities as The Group Head of
  Telkom Group as regulated in the Company&#8217;s Office Organization Policy Number
  PD.202/2012.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance process to ensure that the business process is inline with the
  business and organizational transformation.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2013</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance organ through the development and implementation of GCG that
  involve the business group through the formulation of Board of Executive to
  frame the capacity of the company in executing strategic steps in portfolio
  management that is supported by a parenting mechanism that is in accordance
  with the demand of the business ecosystem.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Continue the strengthening of good
  corporate governance process to ensure that the business process is in line
  with the business transformation and the &#8220;New Telkom&#8221; organizational
  transformation in accordance with the Telkom Group Company Office
  Organization Policy Number 202.11/2013.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance organ through GCG to implement an organizational characteristic
  that encompasses subsidiary entities through the implementation of Board of
  Executive mechanisms and the improvement of its implementation.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance process through a disciplined implementation of ISO-based process
  of the new organization &#8220;New Telkom&#8221;.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of COSO 2013 Framework
  as the basis in implementing the Internal Control and Integrated Audit.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2015</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=86% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The improvement of business ethics
  politic that involves Telkom Group.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The declaration of The Year of Culture.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate governance
  organ through the implementation of GCG assessment of the subsidiary entity.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The strengthening of good corporate
  governance process to ensure the ISO certification/surveillance.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2016</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=86% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of &#8220;GCG Role Model&#8221;.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">THE IMPLEMENTATION OF BASIC GCG PRINCIPLES</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Within the 20-year timeline as a public
company listed in the Indonesian stock exchange, Telkom has implemented all GCG
basic principles, as explained below</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Transparency
Principle</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> &#8211; Telkom and its
Subsidiary are managed with openness in conducting decision-making process and
providing real and relevant information about the company.</font></p>

<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We implement the Transparency
Principle by providing adequate, accurate, and punctual information to all
parties that have interest in the company. We publish financial information</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">through the Financial Statements periodically and regularly</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, Annual Report</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> and other material information, and provide the means
for investors to access important information of the company with ease. The
access of information that we provide is in the form of: </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">corporate websites, print media and press
releases, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">one
on one </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">meetings with investors, public expose and press
gathering</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Accountability
Principle</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> &#8211; Telkom and its
subsidiary are managed with a clarity on the function, the implementation, and
the responsibility of the shareholders, the Board of Commissioners, the Board
of Directors, Committees, and Secretaries of the company for an effective
management of the company.</font></p>

<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We implement the
Accountability Principle by ensuring the availability of Board Manual and
Charters needed by each of the main organ of the company, to create check and
balances mechanism of the authorities and roles in managing the company. We
equip the management structure with certain functions, such as: having an
effective Independent Commissioner and Internal Audit. Aside from that, we
implement KPI criteria and a clear operational target.&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Responsibility
Principle</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> &#8211; Telkom and its
subsidiary are managed by complying with the applicable rules and regulations,
and by implementing healthy corporate principles. </font></p>

<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We implement the
Responsibility Principle by ensuring that Telkom always complies with all
applicable rules and regulations, including: law/regulation on taxation,
healthy competition, industrial relations, workplace safety and health, salary
standardization</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">and other relevant regulations</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">. We even have VP of Legal and Compliance function
that structurally has the duty to ensure the compliance of all these rules and
regulations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Independence
Principles</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> &#8211; Telkom and
its subsidiary are professionally managed without the clash of interests and
the influence of any party that is not in compliance with the applicable
regulations and the principles of healthy corporation.</font></p>

<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We implement the Independence
Principle by firmly stating the regulations/authorities of the corporate&#8217;s
decision-making in the Board </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">charter
and Articles of Association</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">.
Aside from that, we implement several additional policies in the Good Corporate
Governance Guidance, such as: Policy of Transaction with Clash of Interest,
Prohibition of political Party Donation, Prohibition of Affiliation Relations,
Prohibition of Gift and Donation Offering and Acceptance, Implementation of
E-Procurement in the procurement process, and other similar policies. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Fairness Principle
(Equality and Equity)</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> &#8211;
Telkom and its subsidiary are managed with fairness and equality in fulfilling
the rights of the stakeholders that arise from the applicable agreement and
applicable regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We implement the Fairness Principle in
every operational aspect that includes: the respect to the rights of minority
shareholders, the prohibition of insider trading, the implementation of
Performance Management based on Balanced Scorecard, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">gender aspects, </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">the enforcement of open-bidding in procurement, and
the implementation of e-procurement. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">THE IMPLEMENTATION OF MANAGEMENT PRINCIPLES
IN ACCORDANCE WITH THE GCG-OJK GUIDANCE</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">As one public company that
has registered its stocks at the Indonesian Stock Exchange since 20 years ago,
Telkom has also implemented 8 company management principles in accordance with
the Guidance of Public Company Good Corporate Governance from OJK, as mentioned
below.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 1 &#8211;
Increasing the Performance Value of General Meeting of Shareholders (GMS)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom recognizes that the shareholders,
majority or minority, have the rights to participate in the company&#8217;s
management through the decision-making in GMS. Therefore, in improving the
value of the implementation of GMS, we always adhere to all regulations that
regulate the procedures of GMS implementation, and ensure that: </font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Voting in the decision-making has been
conducted by considering the minority shareholders, in a close and independent
manner.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The entire member of the Board of Directors
and the Board of Commissioners of Telkom always attend the GMS.</font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We always provide the summary of GMS on
Telkom website in the last year. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 2 &#8211;
Improving the Quality of Communication with the Shareholders or Investors.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom always tries to improve the role and
participation of the shareholders or investors through effective and continuous
communication to know the hopes and views of the shareholders or investor, and
to receive suggestions and inputs for the interests and the good of the
business. We conduct these efforts through:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of clear communication
policy with the shareholders of investors.</font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The explanation of policies, procedures,
and means of communication on the Company&#8217;s website.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 3 &#8211;
Strengthening the Membership and Composition of the Board of Commissioners.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Acknowledging the vast operational area
that covers the entire Archipelago with diverse challenges and risk potentials,
Telkom sought to have an ideal composition of the Board of Commissioners and
Directors that is capable of addressing and mitigating these whole risks into
opportunities of company development. We achieve this effort by:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Assigning the number of Board of
Commissioners members by considering the business situation.</font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Determining the composition of the Board of
Commissioners members by observing the diversity of skills, knowledge and
experience according to needs.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 4 &#8211;
Improving the Quality of Implementation of the Board of Commissioners&#8217; Tasks
and Responsibilities.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Board of Commissioners of Telkom always
performs their tasks with good faith, full responsibility, and prudence for the
long-term interest of the Company. Therefore, in order that the surveillance
and advisory tasks run well, Telkom ensures:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To have resignation policy for the members
of the Board of Commissioners who have been indicated/involved in financial
crimes. </font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Through the Committee of Nomination and
Remuneration, Telkom has and implement the succession policy of the Board of
Directors members. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 5 &#8211;
Strengthening the Membership and Composition of the Board of Directors.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom establish an ideal Board of
Directors composition that is able to perform the organization of the company in
an open, professional, effective, and efficient manner to build the confidence
of the stakeholders. For that purpose, Telkom ensures that:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The decision on the number of the Board of
Directors members has considered the business situation and the effectiveness
of the decision-making.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The decision on the composition of the
Board of Directors members has been conducted by observing the diversity of
skills, knowledge, and experience according to needs. </font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The decision related to the Board of
Directors members, who are in charge of the accounting or financing, is made by
considering their skills and/or knowledge in accounting. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 6 &#8211;
Improving the Quality of Implementation of the Tasks and Responsibilities of
The Board of Directors.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">In order that the Board of Directors can do
their tasks well, efficiently, and effectively, and in compliance with the
regulations, solely for the interests of the Company, Telkom is implementing a
policy of distribution of tasks and authorities among the Board of Directors. Aside
from that, to ensure the quality of the company management, Telkom ensures
that:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Board of Directors of Telkom has and
conducts a self-assessment policy to evaluate and improve their performance. </font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Self-assessment policy and its parameter is
revealed in Annual Reporting.</font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">It has the policy and mechanism of
resignation for the members of the Board of Directors who have been
indicated/involved in financial crimes. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 7 &#8211;
Improving the Good Corporate Governance Aspect through the Participation of Stakeholders</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To ensure that the implementation of the
Good Corporate Governance has covered the entire important aspects and been
able to stimulate cooperation with the entire stakeholders, Telkom has ensured
that:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Company has a policy of early detection
and prevention of insider trading.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Company has a policy of anti-corruption
and anti-fraud.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Company has and implements a policy of
selection and competition of the vendors. </font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">It has and implements a policy of violation
reporting system.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">It always fulfils the creditors&#8217; rights.</font></p>

<p style="margin-bottom:6.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">It has and carries out a policy of
long-term incentive for its Board of Directors and employees. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Principle 8 &#8211;
Improving the Implementation of Open Information.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom implements open information policy
that is conducted with the support of updated information technology to
guarantee the accuracy and punctuality. To ensure that the whole important
information of the company is known by its stakeholders, Telkom implements:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Wide use of information technology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=EN-GB style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">A disclosure policy for the full benefit of
the shareholders with over 5% of percentage or the group of leading
shareholders. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">GOOD CORPORATE GOVERNANCE
PUBLIC AWARENESS CAMPAIGN</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To ensure
the understanding of the entire corps, the Company always conducts public
awareness campaign of the good corporate governance that is attached to the
entire cohort. Some activities to actualize it include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of </font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">e-learning
</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">and </font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">assessment </font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">of business ethics that is conducted online and
participated by all Telkom Group staffs, with subject matters that include GCG,
Business Ethics, Culture, SOA, Fraud Management, and Gratification Control.</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Spiritual Capital
Management</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">As an effort to improve a clean culture,
honesty spirit in working, and transparency in the company, Telkom management
has implemented Spiritual Capital Management (SCM) to all employees and
officials of Telkom Group, hence every working activity is based on the &#8220;</font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">ihsan</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8221;
principle as a manifestation of the belief &#8220;working as part of worship&#8221;. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Gratification Control</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To show Telkom&#8217;s seriousness to its
commitment towards gratification control, all Board of Directors are singing an
Integrity Pact as a form of good corporate governance. This signing is a proof
of Telkom&#8217;s seriousness to its commitment towards gratification control. The
company and its employees must report any gratification with a tendency of
bribery at the latest 30 days since accepting the gratification.</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Internal Control</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The implementation of Internal Control, as
the prerequisite of SOX compliance, has strict requirements to guarantee and
support the good corporate governance. The purpose of SOX is certainly in tune
with the implementation of GCG and ethics, which is:</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.65pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">(1)</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Improving the
effectiveness and efficiency of the company&#8217;s management</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.65pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">(2)</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Improving the quality
of the company&#8217;s financial reporting</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.65pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">(3)</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Ensuring the obedience
to the law and or other regulations that must be fulfilled by the company</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.65pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">(4)</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Developing investors&#8217;
confidence level and in the long term can guarantee the sustainability of the
company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=RASS></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">RATING AND ASSESSMENT OF CORPORATE GOVERNANCE</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">To receive feedback for the improvement of
GCG best practice implementation performance, Telkom examines the results of
periodic reviews conducted by a competent independent external assessor. During
the reporting period, assessment is conducted by IIC</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">D&nbsp;</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">
(The Indonesian Institutes for Corporate Directorship)</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">in
collaboration with the Indonesian Financial Services Authority OJK.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Assessment
by IICD</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">IICD is a
non-profit organization that was established by 10 reputable universities and
business school and is a reputable provider of advocacy, training and research
service in the field of corporate governance </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(CG) </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">in
Indonesia. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">IICD in
collaboration with the Indonesian Financial Services Authority OJK, is
conducting assessment of the implementation of CG of public company (issuer).
The assessment is conducted to 100 issuers with the most capital as registered
in the Indonesian Stock Exchange for the financial year 2014. The result is
that as much as 50 issuers are considered as having the highest CG score
according to the ASEAN CG Scorecard methodology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Out of
these 50 issuers considered as having the highest CG score, OJK and IICD then
choose 24 winning issuers from 10 categories. Telkom received an award in the
category of &#8220;</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Best State Owned Enterprise</font></b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8221;. &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CGA></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CORPORATE GOVERNANCE AWARDS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Various
efforts to improve the quality of implementation are conducted, which make
Telkom received a number of awards in the field of Good Corporate Governance in
2015 that is showing that the implementation of good corporate governance has
been leading up to Good Corporate Governance Excellence. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
Awards received include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Best Listed Companies
Award - Top Performing Listing Companies 2015 from Investor Magazine</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Forbes Global 2000
Companies &#8211; Rank 783 from Forbes Magazine</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Indonesia Good
Corporate Governance Award &#8211; Very Good Predicate for Companies in
Infrastructure, Utilities, and Transportation Sector from Economic Review.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Annual Report Award -
3rd winner of Non-Financial State-Owned Enterprise Listed by OJK, BEI and KNKG</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">IICD Award - The Best
State-Owned Enterprise from Indonesian Institute for Corporate Directorship</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-GB style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Indonesian
Sustainability Reporting Award 2015 from National Center for Sustainability
Reporting (NCSR)</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TSAMOFCG></a><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">THE STRUCTURE
AND MECHANISM OF GOOD CORPORATE GOVERNANCE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
structure and mechanism of Good Corporate Governance in Telkom environment is
shown in this chart.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=369 src="x16040107551300.gif" width=602>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s
management is conducted according to the two-tier board structure mechanism. As
shown in the chart, the highest institution in the company is the </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">General Meeting of Shareholders (GMS) </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">forum, while the company&#8217;s management is the
responsibility of the Board of Commissioners and Directors. The Board of
Commissioners has the task and responsibility to conduct surveillance on daily
operational activities that become the responsibility of the Board of
Directors. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=GMOS></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GENERAL MEETING OF SHAREHOLDERS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The General Meeting
of Shareholders(&#8220;GMS&#8221;), either Annual GMS (&#8220;AGMS&#8221;) or Extraordinary GMS
(&#8220;EGMS&#8221;), is the highest institution in the good corporate governance, and also
the main forum for the shareholders to use their rights and authorities in the
company&#8217;s management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">EGMS can
be held based on needs. In implementing its authority, GMS must pay attention
to the interest of the Company&#8217;s development and wellbeing, the interests of
the stakeholders and the rights of the Company.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TS></a><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">TELKOM&#8217;S SHAREHOLDERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">We
classify Telkom&#8217;s shareholders in 2 (two) types, one share of Dwiwarna A Series
(as the controlling shareholder) and 100,799,996,400 shares of B Series. To get
more details of our shareholders composition diagram, see Telkom Indonesia
General Information &#8211; Stock Information &#8211; Shareholders Composition.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TRAND></a><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">THE RIGHTS &amp; RESPONSIBILITIES OF THE
SHAREHOLDERS IN THE GENERAL MEETING OF SHAREHOLDERS </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">In AGMS
and EGMS, shareholders have the right to receive equal treatment and position,
especially in voicing their opinion and contributing to the important and
strategic decision-making process related to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The appointment and
dismissal of the Board of Commissioners and Board of Directors of Telkom,</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The decision of the
remuneration and allowance for the Board of Commissioners and Board of
Directors of Telkom,</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The assessment of the
Company&#8217;s performance in the reporting year,</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The decision and
agreement to the use of the Company&#8217;s profits including the amount of dividend,</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The amendment of the
Articles of Association, and </font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-27.0pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">All corporate action
that need the decision of the GMS as stipulated in the Articles of Association
of the Company.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Annual GMS also has the authority to
authorize Financial Report and Company&#8217;s Annual Report.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
Government of the Republic of Indonesia as the controlling shareholder with its
ownership of Dwiwarna A series shares must take notice of its responsibilities
while using its rights to influence the decision of the company&#8217;s management,
either when using its voting right or in other matters. The Government has
special rights that can be used to give approval of merger plan, acquisition,
divestment, or liquidation through AGMS and EGMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=GRAPFHA></a><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">GENERAL RULES AND
PROCEDURES FOR HOLDING AGMS </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">General
rule for holding a GMS refers to the regulation of the Indonesian Financial
Services Authority (OJK) Number 321 POJK.04/2014 on Planning and Holding a
General Meeting of Shareholders of Public Company, regulation of Capital Market
and Financial Institutions Supervisory Board (BAPEPAM-LK) Number IX.J.1, annex
Decision of the Head of Capital Market and Financial Institutions Supervisory
Board Number KEP-179/BU2008 of May 14, 2008 on the Company&#8217;s Articles of
Association Principles that exercise public offering on equity-stock and Public
Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">The
mechanism of use of votes by the shareholders in AGMS and EGMS has been
arranged in such a way that the shareholders can use their vote directly or
through their representative.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Annual
GMS is held at the latest six months after the end of financial year. In the
Annual GMS, Board of Commissioners and members of Board of Directors presenting
the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Annual Reporting Book.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Recommendation on the use of net profit so
long as the Company is recording net profit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Recommendation on Public Accounting Firm (</font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">KAP</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">)
to perform audit on Company financial reporting for the current financial year,
based on suggestion from the Board of Commissioners or by delegating the
authority to appoint </font><i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">KAP&nbsp;</font></i><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;"> to the Board of Commissioners.&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=EN-GB style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Other matters that require approval from
the shareholders in the General Meeting of Shareholders for the interest of the
Company with no prejudice against the Articles of Association.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Generally,
the stages of convening a GMS are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=82% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Activities</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Time</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Letter of notification to
  Indonesian Financial Services Authority</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-44</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Notification Announcement of
  GMS</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-37</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Deadline to submit proposal of
  GMS agenda by 5% shareholders</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-29</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Delivery of meeting&#8217;s
  materials and proxy to BNY Mellon</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-24</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Recording Date of those who
  have the right to attend GMS</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Invitation Announcement of GMS</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H-22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">GMS</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=82% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Notification Announcement of
  the results of GMS</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">H+2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> must make an announcement/notification on the plan to
hold GMS within 14 days prior to circulating the invitation/calling.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> invite/call shareholders by registered mail or by
putting an advert in printed media that is published at least 21 days prior to
the convening of GMS, outside of the invitation date and the meeting date.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> must guarantee the coherence of information with the
plan or implementation of GMS, and with the OJK regulation Number
32/POJK.04/2014, in which the </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> must give details of such plan to OJK at
least seven days prior to circulating invitation.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">After the convening of GMS, </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> must report the results of GMS to OJK at least in two
working days and announce that results on at least one nationally-circulated
daily newspaper in Bahasa Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">All shares released have one vote unless
otherwise stated by the Company&#8217;s Articles of Association. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=GI></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">GMS IMPLEMENTATION</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015,
Telkom convened 1 (one) Annual GMS onApril 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015. The
convening procedures of that AGMS are in accordance with Article 14 paragraph 1
of the Company&#8217;s Articles of Association, which is:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Notification
(Announcement) of the Meeting was published on March 11</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015
on The Jakarta Post, Bisnis Indonesia, and Investor Daily.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The invitation of the
meeting was done on March 26</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015 on the same daily.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The agenda of the meeting
was also informed on those notification and invitation advertisements and on
the registered mail that was sent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The rules of attendance
and procedures of decision making was also informed on those notification and
invitation advertisements and on the registered mail that was sent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The meeting was
participated by all </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&#8217;s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Board of Directors and 6 (six) out of 7
(seven) members of the Board of Commissioners, in which Mr. Hadiyanto
(Commissioner) was absent, and that the shareholder of Dwiwarna A series shares
and the shareholders of B series in total representing 80</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">889</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">851</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">641
shares or 82.39% of the total of shares with voting right that have been
released by the </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> until the day of the Meeting with the amount
of 98</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">175</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">853</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">600 shares (these do not include the shares that have been
repurchased).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Annual GMS was also
attended by Public Accounting Firm (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KAP</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">), Notary, Legal Councel and
other invitations by the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">That the Resolution of
Annual GMS for the 2014 Financial Year has been submitted to OJK and other
Capital Market Institutions and published on April
19</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015 on Bisnis Indonesia and Investor Daily in Bahasa Indonesia and on
Jakarta Post in English, and has also been published on Telkom&#8217;s website
(www.telkom.co.id) in two languages.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The agenda
of the AGMS was:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Approval on Annual </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
Report for the 2014 Financial Year, including the Report of Supervisory Task of
the Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Adoption of </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
Financial Report and Annual Report of Partnership Program and Environmental
Development for the 2014 Financial Year, and the Release from Responsibilities
for the Board of Directors and Board of Commissioners. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Decision on the Use of </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&#8217;s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Net Profit for the 2014 Financial Year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Decision on Remuneration for the members of
the Board of Directors and the Board of Commissioners for the 2015 Financial
Year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Appointment of Public Accounting Firm to audit
</font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Financial Report for the 2015 Financial Year,
including the Audit of Internal Control over Financial Report and the
Appointment of Public Accounting Firm that will audit the Financial Report of
Partnership Program and Environmental Development for the 2015 Financial Year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Amendment to the Articles of Association of
the </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Transfer of authority to the Board of
Commissioners on the Use/Transfer of Treasury Stock as a result of the Buyback
III and IV Share.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Modification to the </font><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">Company&#8217;s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
Management Structure. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The results
of the AGMS, the Results of Voting (from the attendance&#8217;s list) and the Follow
Up to the Resolution of AGMS are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Agenda</font></b></p>
  </td>
 <td valign=bottom width=57% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Resolution
  of AGMS dated April 17</font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Voting
  Result</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Follow
  Up</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=57% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&#8217;s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Annual Report, in which its points have been
  conveyed in the Meeting of the Board of Directors on the situation and the
  course of the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> for the 2014 Financial Year, including the
  Report of the Implementation of the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8217;s Board of
  Commissioners Supervisory Tasks for the 2014 Financial Year.</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 80</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">652</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">633</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">968
  shares (99</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">71%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 13</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">050,100
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">016%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 224,167,573
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">277%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Directly
  Applicable</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=57% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ratifying </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&#8217;s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Consolidated Financial Report for the 2014 Financial
  Year that has been audited by Purwantono, Suherman &amp; Surja Public
  Accounting Firm (a member firm of Ernst </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&amp;&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Young Global Limited) according to its
  report Number RPC- 6824/PSS/2015 of 27 February 2015 with the opinion &#8220;the
  consolidated financial report presents normality, in all material items,
  according to the Standard of Financial Accounting in Indonesia;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ratifying the Financial
  Report of Partnership and Environmental Development Program for the 2014
  Financial Year, that has been audited by Purwantono, Suherman &amp; Surja PAF
  (a member firm of Ernst </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&amp;&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Young Global Limited) according to its
  report Number RPC-6644/PSS/2015 of 11 February 2015 with the opinion
  &quot;the Financial Report presents normality, in all material items,
  according to the Standard of Accounting Entity without Public Accountability
  &quot;;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Giving full release and
  discharge from any responsibilities (</font><i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">volledig acquit et de charge</font></i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">) to
  all members of the Board of Directors who served in 2014 on the action of
  managing the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> and to all members of the Board of
  Commissioners who served in 2014 on the action of supervisory of the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> and supervisory of Partnership and Environmental
  Development Program that have been conducted in the 2014 Financial Year, so
  long as the action is reflected in the Annual Report and Financial Report of
  the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> for the 2014 Financial Year and the Annual
  Report of Partnership and Environmental Development Program for the 2014
  Financial Year, and is not against the laws and regulations.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 80,628,943,861 shares
  (99</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">68%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 13,136,900
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">016%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 247,770,880
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">306%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Decision
  Directly Applicable</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=57% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the decision to
  use the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> net profit for the 2014 financial year with
  the total of Rp14.638.101.099.000,-, as follows:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dividend with the amount of 50% or
  Rp7.319.009.885.880, worth Rp74,55 per share.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.1in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Special dividend with the amount of 10% of net profit
  or in total of Rp1.463.801.977.176,- or worth Rp14,91 per
  share.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.1in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The rest with the amount of 40% or
  Rp5.855.289.235.944,- is allocated as a reserve that will be used to develop business.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Giving power to the Board
  of Directors to further arrange the procedures of dividend sharing.</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 80,388,375,840
  shares (99</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">38%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 334,101,328 shares
  (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">413%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 167,374,473
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">207%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dividend
  shares are given on May 21</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Decision
  on reserve is directly applicable.</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=57% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Transferring the
  authority and power to the Board of Commissioners after receiving approval
  from the holders of Dwiwarna A series shares to decide amount of </font><i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">tantiem&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">
  given to the members of the Board of Directors and the Board of Commissioners
  for the 2014 financial year, and salary, honorarium, allowance, facilities,
  and other income for the Board of Directors and the Board of Commissioners
  for the 2015 financial year.</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 78,601,267,366 shares
  (99</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">17%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 1,982,610,895
  shares (2</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">451%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 305,973,380
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">378%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been followed up</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Agenda</font></b></p>
  </td>
 <td valign=bottom width=57% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Resolution of AGMS dated 17 April 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Voting
  Result</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Follow
  Up</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=57% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the appointment
  of Purwantono, Suherman &amp; Surja PAF (a member firm of Ernst &amp; Young
  Global Limited) that will do the Integrated Audit for the 2015 Financial Year
  that covers the audit of </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> consolidated Financial Report and the Audit
  of Internal Control Over Financial Report for the 2015 Financial Year and
  will examine the Financial Report of Partnership and Environmental
  Development Program for the 2015 Financial Year.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Re-appointing Purwantono,
  Suherman &amp; Surja Public Accounting Firm (a member firm of Ernst &amp;
  Young Global Limited) to audit the use of Partnership and Environmental
  Development Program Budget for the 2015 Financial Year.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Delegating the authority
  to the Board of Commissioners to:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Decide the addition of </font><i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">KAP</font></i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8217;s scope of work
  according to the needs.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Decide the amount of payment of the audit service and
  other normal requirements.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Delegating authority to
  the Board of Commissioners to appoint Substitute Public Accounting Firm and
  decide the condition and requirements of the appointment, if the appointed
  Public Accounting Firm is unable to perform or continue its task for any
  reason, including the failure to reach consensus on the amount of payment of
  the audit service.</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 77,775,703,194
  shares (96</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 2,827,121,823
  shares (3</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">495%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 287,026,624
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">355%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PAF&#8217;s
  approval is directly applicable.</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been implemented</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been implemented</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been implemented</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=57% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the amendments
  to some rules in the Articles of Association of the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">
  in order to adjust with:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Regulations of the Indonesian Financial Services
  Authority Number: 32/POJK.04/2014</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Regulations of the Indonesian Financial Services
  Authority Number: 33/POJK.04/2014</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Regulation of the Minister of State Owned Enterprises
  Number PER-02/MBUl02/2015</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Regulation of the Minister of State Owned Enterprises
  Number PER-03/MBU/02/2015 on the requirements, procedures of assignment, and
  dismissal of the members of Directors of the State Owned Enterprises</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Circular letter of the Minister of State Owned
  Enterprises Number 3/MBU/2010</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Additional main and supporting business activities of
  the Company</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Additional special right of Dwiwarna A Series
  Shareholders. Honorable dismissal since the conclusion of the Meeting:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Amendment to the regulation on the limitation of the
  authority of the Board of Directors related to the action of the Board of
  Directors that requires the approval of the Board of Commissioners</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the delegation
  of power to the Board of Directors of </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">
  with a substitute right to re-announce the decision of the Meeting related to
  the amendment of the Articles of Association of that </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">.&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 78,402,944,954
  shares (96</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">93%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 2,099,371,470
  shares (2</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">595%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 387,535,217
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">479%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Decision
  is directly applicable</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been applied</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=57% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approving the delegation
  of authority and power to the Board of Commissioners after receiving approval
  from Dwiwarna A Series Shareholders on the use/diversion of Treasury Stock as
  a result of share buyback III dan IV.</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 80,463,150,168
  shares (99</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">47%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 46,415,200
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">057%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 380,286,273
  shares (0</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">470%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Has
  been applied</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Agenda</font></b></p>
  </td>
 <td valign=bottom width=57% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Resolution of AGMS dated 17 April 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Voting
  Result</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Follow
  Up</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=57% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honorably dismiss from
  their office:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mr. JOHNNY SWANDI SJAM as an Independent Commissioner</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mr. IMAM APRIYANTO PUTRO as a Commissioner</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mr. VIRANO G NASUTION as an Independent Commissioner</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">In effect since the conclusion of the Meeting.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointing these names:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mr. RINALDI FIRMANSYAH as an Independent
  Commissioner;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-indent:-7.9pt;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mrs. PAMIYATI PAMELA JOHANNA WALUYO as an Independent
  Commissioner</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mr. MARGIYONO DARSASUMARJA as a Commissioner;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">with the term of office starts at the conclusion of
  the Meeting and ends at the conclusion of the </font><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">Company</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8217;s
  fifth Annual GMS without diminishing the right of GMS to dismiss at any time.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">If the appointed members
  of the Board of Commissioners are still in office for other position, while
  it is prohibited by relevant regulations, then the respective Commissioners
  must resign from their position.</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">With the dismissal and
  appointment, then the structure of the members of the Board of Commissioners
  are as follows:</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President Commissione </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">        </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">:  Mrs.
  HENDRI SAPARINI</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner             </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">          </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> :  Mr.
  HADIYANTO</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner             </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">         </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">  :  Mr.
  DOLFIE OTHNIEL FREDRIC PALIT</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">
      </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">:  Mr.
  MARGIYONO DARSASUMARJA</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> :  Mr.
  PARIKESIT SUPRAPTO</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.65in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independent Commissioner </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">:  Mr.
  RINALDI FIRMANSYAH</font></p>
  <p style="margin-bottom:.0001pt;margin-left:149.2pt;margin-right:0in;margin-top:0in;text-indent:-120.4pt;"><font face="courier new" style="font-size:9.0pt;line-height:normal;">o</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;"> </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independent Commissioner</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> :  Mrs.
  PAMIYATI PAMELA JOHANNA WALUYO</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Yes: 55,717,503,768
  shares (68</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No: 23,283,682,400
  shares (28</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">78%)&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abstain: 1,888,665,473
  shares (2</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">335%)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Directly
  applicable</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:115%;">Note: Abstain votes are
considered as being an approval</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:115%;">All of the above AGMS resolutions are
in line with the assigned agenda and stated in the invitation for AGMS. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=WRMBTBOCABOD></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">WORKING RELATIONSHIP MANAGEMENT BETWEEN THE BOARD OF
COMMISSIONERS AND BOARD OF DIRECTORS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom has a
set of rules that form the basis of working relationship governance between the
Board of Commissioners and the Board of Directors. The rules are outlined in
the Board of Commissioners&#8217; Resolution No. 09/KEP/DK/2015 on Standard Operating
Procedures (SOP) pertaining to the Board of Commisioners and Board of Directors
Approval Process and Resolution No. 02/KEP/DK/2013 regarding Certain Board of
Directors Actions that Require the Written Approval of the Board of
Commissioners, as well as Resolution No.04/KEP/DK/2014 regarding the Amendment
to Board of Commissioners&#8217; Resolution No.02/KEP/DK/2013 regarding Certain Board
of Directors Actions that Require the Written Approval of the Board of
Commissioners.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=DOAART></a><font face="times new roman" lang=EN style="font-size:10.0pt;">DISTRIBUTION
OF AUTHORITY AND ARRANGEMENTS REGARDING THE APPROVAL OF THE BOARD OF
COMMISSIONERS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The main idea of the Board of
Commissioners&#8217; Resolutions above is the delegation of authority to the Board of
Directors on certain aspects in accordance with the Articles of Association and
the relevant provisions of the Board of Commissioners Resolution in question,
to carry out corporate actions specified in accordance with the duties, powers and
responsibilities of the Board of Directors as the executor of the Company&#8217;s
daily operational activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">However, if the value and impact
of the corporate actions conducted by the Board of Directors in fact goes
beyond the provisions contained in the Board of Commissioners&#8217; Resolution, the
Board of Directors must first submit a proposal to the Board of Commissioners
and obtain written approval from the Board of Commissioners within a specific
period of time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">When, in the process of
requesting the aforementioned approval, more detailed explanations is required
from the Board of Directors, the Board of Commissioners may invite and organize
a Joint Meeting of the Board of Commissioners and the Board of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=JMAND></a><font face="times new roman" lang=EN style="font-size:10.0pt;">JOINT MEETINGS
&amp; THE ATTENDANCE OF JOINT MEETINGS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">A Joint Meeting of the Board of
Commissioners and the Board of Directors may take place at the initiative of
the Board of Commissioners and Board of Directors. In essence, a joint meeting
is held to seek common views and a harmony of action between the Board of
Commisioners as the organ in charge of monitoring and counseling, with the
Board of Directors as the executor of the Company&#8217;s daily operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">A Joint Meeting may generate
strategic decisions regarding a corporate action plan, where the plan is beyond
the authority of the Board of Directors. Joint Meeting Forums can also be a
place for the Board of Commissioners to provide insights and strategic
direction for the development of the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">During 2015, Telkom has convened </font><font face="times new roman" lang=IN style="font-size:10.0pt;">14 </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Joint
Meetings of the Board of Commissioners and the Board of Directors with the
following recapitulation of presence.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=ROTJOI></a><font face="times new roman" lang=EN style="font-size:10.0pt;">RESOLUTION OF
THE JOINT MEETING OF THE BOARD OF COMMISSIONERS &amp; BOARD OF DIRECTORS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Various strategic binding
decisions resulting from the Joint Meeting of the Board of Commissioners and
the Board of Directors for 2015, includes:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN style="font-size:10.0pt;">1)</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Sign off
Integrated Audit Financial Year 2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Discussion and
Ratification of Companiy's Long-Termc</font><font face="times new roman" lang=IN style="font-size:10.0pt;">(</font><i><font face="times new roman" lang=IN style="font-size:10.0pt;">Rencana Jangka Panjang Perusahaan</font></i><font face="times new roman" lang=EN-US style="font-size:10.0pt;">
&quot;RJPP&quot;</font><font face="times new roman" lang=IN style="font-size:10.0pt;">)
</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2016-2020&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN style="font-size:10.0pt;">3)</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=IN style="font-size:10.0pt;">I</font><font face="times new roman" lang=EN style="font-size:10.0pt;">mplementation
of Telkom Group CFU &amp; FU </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN style="font-size:10.0pt;">4)</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Ratification
of Corporate Businees Plan and Budget (</font><i><font face="times new roman" lang=EN style="font-size:10.0pt;">Rencana Kerja Anggaran Perusahaan</font></i><font face="times new roman" lang=EN style="font-size:10.0pt;">/&quot;RKAP&quot;)
2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="times new roman" lang=EN style="font-size:10.0pt;">5)</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Evaluation
of Companies Performance</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><a name=MRTRBTB></a><font face="times new roman" lang=EN style="font-size:10.0pt;">MECHANISM
REGARDING THE RELATIONS BETWEEN THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS
AND MAJORITY AND/OR CONTROLLING SHAREHOLDERS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">To maintain independence, to
avoid conflict of interest and to ensure accountability in decision-making and
operational implementation, Telkom has a rule prohibiting any affiliate
relationships and family relationships directly or indirectly between the
members of the Board of Commissioners, Board of Directors and Majority and/or
Controlling Shareholders.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The rules are adhered to by all
parties concerned, as demonstrated by the following statement of affiliate
relationships.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The following is an explanation
regarding the mechanism of affiliation between the members of the Board of
Directors, Board of Commissioners, and the Majority and/or Controlling
Shareholders, as elaborated in the table below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:6.75pt;margin-right:6.75pt;width:100.0%;">
 <tr>
  <td rowspan=3 valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Name</font></b></p>
  </td>
 <td colspan=11 valign=bottom width=42% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Financial
  relationship with</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=11 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Family
  relationship with</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">BOC</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">BOD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Controlling
  Shareholder</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">BOC</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">BOD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Controlling
  shareholder</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Yes</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">Board
  of Commissioners (BOC)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 </tr>
<tr>
  <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:8.0pt;">Hendri
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  </td>
 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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<tr>
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  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=7% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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<tr>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
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 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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<tr>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=7% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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<tr>
  <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&#8730;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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 <td valign=bottom width=5% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Cambria lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BOC></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BOARD OF COMMISSIONERS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Law No. 40
of 2007 regarding Limited Liability Companies (&quot;Company Law&quot;)
stresses that all Companies incorporated under Indonesian laws must have a
Board of Commissioners whose task is to supervise management policies, the
implementation of management, both of the Company as well as the Company's
businesses that are conducted by the Board of Directors, as well as to provide
advice to the Board of Directors. This is done solely for the benefit of the
Company and in accordance with the aims and objectives of the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Meanwhile,
the tenure of the members of the Board of Commissioners shall be 5 (five) years
and may be reappointed for one (1) term of office in accordance with Article 28
paragraph (3) of Law Number 19 of 2003 regarding State-Owned Enterprises.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Each member
of the Telkom&#8217;s Board of Commissioners is forbidden to hold another position as
a member of the Board of Directors at another State-owned Enterprise, local
government-owned enterprises, private enterprises, and other positions that may
give rise to a conflict of interest; and/or other positions in accordance with
the provisions of the prevailing laws and regulations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TBOCC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">THE
BOARD OF COMMISSIONERS CHARTER </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom has a
Board of Commissioners Charter adopted in accordance with Board of
Commissioners Resolution No.16/KEP/DK/2013 dated December 17, 2013. The Charter
is a point of reference for the Board of Commissioners in carrying out its
duties so as to be in line with Good Corporate Governance practices for Board
of Commissioner. The Board of Commissioners Board Manual contains the
elaboration of tasks, powers, duties, responsibilities, division of tasks,
meetings, conflict of interest provisions, ownership, and the relationship
between the Board of Commissioners, Board of Directors and the Annual Meeting
of Shareholders.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In carrying
out its duties and functions, in addition to referring to the Board of
Commissioners Charter, the Board of Commissioner are also always guided by the
Articles of Association and the Joint Resolution between the Board of
Commissioners and the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TCCAOTBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">THE CRITERIA, CONDITION AND
SELECTION OF THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">The criteria,
general provisions and procedures for election of the Board of Commissioner as
set forth in the Charter of the Board of Directors are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners
is an assembly and each member of the Board of Commissioners cannot act alone
without the decision of the Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Those who can be appointed
as Members of the Board of Directors are required to have Indonesian
citizenship and are legally competent, unless within 5 (five) years prior to
the appointment, he or she: (a) is declared bankrupt, (b) is a member of the
board of directors or a member of the Board of Commissioners, or a member of
the supervisory board who were responsible for causing company or public
company bankruptcy, and (c) is convicted of a criminal offense that harm the
state finances and/or state-owned enterprises and/or relevant financial sector.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The appointed members of
the Board of Commissioners are Indonesian citizens who meet the requirements in
accordance with the legislation. There should be no family relationship, either
by blood to the third degree, vertically or horizontally, or by marriage,
between members of the Board of Commissioners themselves and between members of
the Board of Commissioners and members of the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The term of office of
members of the Board of Directors is 5 (five) years from the date set by the
General Meeting of Shareholders who appoints the members until the closing of
the fifth AGMS after the appointment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The provisions on the term
of office of members of the Board of Commissioners does not diminish the right
of the GMS to dismiss member(s) of the Board of Commissioners at any time
before the term ends.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The termination of
appointment can be done if the member of the Board of Commissioners, among
others: (a) can not carry out his/her duties properly, (b) does not implement
the provisions of the legislation or the Articles of Association, or (c) is
engaged in actions detrimental to the Company or the State.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">After the term expires,
members of the Board of Commissioners may be reappointed for only one term of
office by the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Members of the Board of
Commissioners may not hold another position: (a) as members of the Board of
Directors of state owned enterprises, regional owned enterprises, and/or
private enterprises, (b) as officials, in accordance with the legislation, of
political parties and/or candidates/members of the legislature and/or
candidates for the head/deputy head of a district, and/or (c) as any other
positions that may pose a conflict of interest.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">9.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A member of the Board of
Commissioners has a right to resign from his/her post by giving a written
notification about the resignation to the Company with a copy to the
shareholders of Dwiwarna A Series, Board of Commissioners and other members of
the Board of Directors no later than 60 (sixty) days prior to the date of
resignation. If the resignation does not specify the effective date of the
resignation and there is no decision on the resignation from the GMS, the
concerned member of the Board of Commissioners is effectively resigning 60
(sixty) days after the date of receipt of the resignation letter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The term of office of a
member of the Board of Commissioners ends if: (a) his/her term of office
expires, (b) he/she is resigned in accordance with the provisions of the Articles
of Association, (c) he/she no longer meets the legislation requirements, (d)
he/she dies, and (e) he/she is dismissed by the GMS. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
Selection of the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
selection of the members of the Board of Commissioners is conducted through
various stages, with the most decisive one is the fit and proper test,
conducted under the provisions of the Minister&#8217;s Regulation No. PER-02/MBU/2015
on Conditions and Procedures for the Appointment and Dismissal of the Members
of the Board of Commissioners and the Board of Trustees of the State-Owned
Enterprises.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TDOTCOTBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">THE DIVERSITY OF THE
COMPOSITION OF THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The number and composition of the members of the Board
of Commissioners are set by the GMS, adjusted according to the Articles of
Association, and made by considering the vision, mission, and strategic
development plan of Telkom in order to implement effective monitoring as well
as fast, accurate and independent decision making. Given that Telkom&#8217;s business
field is one of the strategic sectors in supporting economic growth with
operational activities covering the Indonesian territory, the personnel
composition of the Board of Commissioners is formed by continually considering
the diverse competence background that is also complementary, in order to
establish a single body with coherent and integrated competence in carrying out
supervisory duties.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In accordance with the resolution of the GMS dated
April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015, the composition of the Board of Commissioners is
changed due to the honorable dismissal of Mr. Johnny Swandi Sjam and Mr. Virano
G. Nasution as Independent Commissioners as well as Mr. Imam Apriyanto Putro as
Commissioner. Those three members of the Commissioners was then replaced by Mr.
Rinaldi Firmansyah and Mrs. Pamela Johanna Pamiyati Waluyo as Independent
Commissioners as well as Mr. Margiyono Darsasumarja as Commissioner. Those
three Commissioners who resigned and those who replaced them have sufficient
competence and experience background that are needed to carry out the tasks of
monitoring and advising the Board of Directors in implementing their
operational activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The total
number of members of the Board of Commissioners of Telkom after the GMS dated
April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 is 7 people with two of them are female. Telkom
does not have specific rules regarding gender diversity in the composition of
the Board of Commissioners. The General Meeting of Shareholders and the
Shareholders of Dwi Warna A Series have the right of setting the composition.
Nevertheless, Telkom is certain that the diversity of the composition of the
Board of Commissioners, which is formed by the General Meeting of Shareholders
and are currently filled by personnel with background expertise in the field of
economics, information technology, finance, law, governance and human
resources, has met the Company&#8217;s requirements such as the diversity of academic
background, expertise and experience.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">The
Personnel Composition And The Term Of Office Of The Board Of Commissioners</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As mentioned in the directive of the AGMS held on April
17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014, the shareholders have honorably dismissed Mr. Johnny Swandi Sjam
and Mr. Virano G. Nasution as Independent Commissioners as well as Mr. Imam
Apriyanto Putro as Commissioner. The Annual General Meeting of Shareholders
then appointed Mr. Rinaldi Firmansyah and Mrs. Pamiyati Pamela Johanna Waluyo
as Independent Commissioners and Mr. Margiyono Darsasumarja as Commissioner
since the end of the Annual meeting until the end of the fifth Annual General
Meeting of Shareholders which will be held in 2020, without prejudice to the
right of the General Meeting of Shareholders to make a change at any time as
needed.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The dismissal and appointment of members of the Board
of Commissioners is done due to several reasons, namely the end of the term
office of a member of the Commissioners and the need for a member to carry out
his/her new responsibility. In addition, the changes are made as a reaction
from the Company and the shareholders towards the increasingly challenging
business in the future. Therefore, it is deemed necessary to strengthen the
supervisory and advisory function of the new personnel of the Board of
Commissioners who has a more suitable expertise background with the Telkom
business environment in the future.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Thus the
composition of personnel of the Board of Commissioners of Telkom since the
closing of the AGMS held at April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=55% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name
  of the Board of Commisioners</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Title</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The
  starting year for the term of office</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono Darsasumarja</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">inIdependent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=55% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati Pamela Johanna</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Komisaris
  Independen</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IOTBOC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">INDEPENDENCE OF THE
BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rules and restrictions in accordance to the
regulations underline that the Independent Commissioner is a member of the
Board of Commissioners who does not have the financial, management, share
ownership, and/or family relations with the other members of the Board of
Commissioners. In addition, the Independent Commissioner does not have a
relationship with the Board of Directors and/or the Controlling Shareholder or
a relationship that may affect his/her ability to act independently and have
met the requirements as an Independent Commissioner.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Independent Commissioner is tasked to create an
objective environment and to uphold fairness among various interests, including
the interest of the company and the interests of stakeholders, as a key
principle in the decision-making of the Board of Commissioners.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The minimum number of personnel of Independent
Commissioner assigned by the OJK and the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IDX&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> is 30% of the total number of members of the
Board of Commissioners. The number of Independent Commissioner at the end of
2015 is 3 (three) people, or 43% of the total number of members of the Board of
Commissioners, which means that it meets the required quantity. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
independence of Independent Commissioners</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">There are 3 (three) members of the Independent
Commissioner of Telkom according to the resolution of the AGMS dated April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015,
namely: Parikesit Suprapto, Rinaldi Firmansyah and Pamiyati Pamela Johanna
Waluyo. These three members of the Independent Commissioner have met all the
terms and conditions of independence as defined in the rules of the OJK and the
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">IDX.&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MPOTBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MULTIPLE POSITIONS OF
THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Several members of the Board of Commissioners of
Telkom have other positions at some other institutions. However, these
practices do not contradict the terms of the Prohibition of Multiple Positions
as set out in the Criteria of the Board of Commissioners of Telkom.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The following are the details of the Multiple
Positions of Members of the Board of Commissioners Telkom:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Multiple
  positions of</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">the
  Board of Commissioners</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position
  at other institutions/companies</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name
  of other institutions/companies</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini </font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Executive Director</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Center of Reforma on Economics
  (CORE Indonesia)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director General of State
  Assets </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ministry of Finance</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independent Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Kliring Penjamin Efek Indonesia
  (KPEI) Bank Bukopin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Special Staff</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Menko Pembangunan &amp;
  Kebudayaan</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TAAOTBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">TASKS AND AUTHORITY OF THE
BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Tasks of
the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To monitor Company&#8217;s
management policy that is undertaken by the Board of Directors and to advice
the Board of Directors on the Company's development plans, annual work plan and
budget of the Company, the implementation of the provisions of the Articles of
Association, resolutions of the GMS as well as laws and regulations with regard
to the interest of the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To perform tasks,
authority and responsibilities in accordance with the provisions of the
Articles of Association and the resolutions of the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To examine and study the
Annual Report prepared by the Board of Directors as well as to sign the Annual
Report.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">The
authority of the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To provide comments and
advices to AGMS regarding periodic reports and other reports from the Board of
Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To monitor the
implementation of the work and budgeting plan of the Company (including the
investment budget) for the preceding financial year and to submit the
assessment result and comments to the AGMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To follow the development
of the Company&#8217;s activities, and in the event that the Company shows a setback,
to immediately ask the Board of Directors to announce to the shareholders and
to provide advices on the improvement measures that have to be taken.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To provide comments and
advices to the GMS regarding any other issues deemed important for the
maintenance of the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To propose to the GMS,
through the Board of Directors, the appointment of a public accounting firm to
audit the Financial Report of the Company including the audit of internal
control over financial reporting, in accordance with the regulations of the
capital market authorities in which the Company's shares are registered and/or
listed.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To provide a report on the
supervisory duties that has been done during the past financial year to the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To perform other
monitoring duties specified by the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MATAOTBOCM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MEETING AND THE
ATTENDANCE OF THE BOARD OF COMMISSIONERS MEETING</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners holds meetings at least
once a month or at any time if it is deemed necessary by one or more members of
the Board of Commissioners, or upon written request from one or more
shareholders who own at least one-tenth share of all outstanding shares. The
quorum for all meeting of the Board of Commissioners is more than half of the
members of the Board of Commissioners who attend the meeting or represented by
proxy granted to one of the Commissioners that attends the meeting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
decision-making mechanism in the meeting of the Board of Commissioners is based
on consensus. If a consensus can not be reached, the decision is then based on
a majority vote of members of the Board of Commissioners that are present or
represented at the meeting. If there is a balanced number of votes, then the
decision is based on the opinion of the Chairperson of the Meeting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal
Meeting of the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">During 2015,
the Board has held internal meetings for 15 (fifteen) times.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting Agenda</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 nowrap valign=bottom width=63% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Wednesday, 1/7/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Discussion on the Letter of the
  President Director regarding corporate action, Capacity Building in the
  Annual Report, Singtel invitation</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, 2/22/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal regarding changes to
  the Composition of the Committee Membership, Progress on the Draft Board of Commissioners
  Decree regarding the Board of Commissioners Approval SOP, Extension for Audit
  Committee Staff, Target Closing Integrated Audit</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting Agenda</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 nowrap valign=bottom width=63% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 3/23/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal regarding the
  Remuneration of the Company Administrators for 2015 (by a Consultant), 2014
  Audit update, Proposal regarding amendment to Company&#8217;s AoA</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 4/27/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Amendment to the Membership
  Composition of the Audit Committee, Discussion on Telkom Projects</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, 5/21/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Progress on the 2016-2020 CSS
  and Telkom projects</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Wednesday, 6/3/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Discussion regarding the
  Hearing invitation from the House of Representatives</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, 6/25/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Progress on the 2016-2020 CSS,
  Approval request for the Capex Satellite Telkom-4, approval request for
  Telkom projects</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, 7/30/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Remuneration of the Board of
  Commissioners, Adoption of the 2016-2020 CSS, Disclosure of the Financial
  Statement for the second quarter of 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 8/24/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Completing the Composition of
  the Audit Committee, etc</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 9/28/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposed Amendment to the
  Authority Threshold of the Board of Directors, Proposal regarding a change in
  the membership of the Telkomsel Board of Commissioners, Joint Borrowing for
  PT Telkom Akses</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Wednesday, 10/21/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purchase of Shares in the Long
  Term Incentive Program, Satellite Insurance Proposal, Extension of Committee
  Staff</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 10/26/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance Assessment,
  Post-retirement Insurance</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, 11/30/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2016 RKAP 2016, </font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Threshold Amendment Proposal,
  Extension of Committee Staff</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Friday, 12/4/2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Adoption of 2016 RKAP</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tuesday, 12/22/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Subsidiary Company
  Restructuring Proposal, Remuneration of Staff, KEMPR members</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=3 nowrap valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Attendance</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=3 nowrap valign=top width=34% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number of Meetings</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=3% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=3 nowrap valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board of Commissioners
  Attendance Rate(%)</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">60</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">53</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">67</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">67</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">67</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Note: </font></b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS (Hendri Saparini), PS (Parikesit Suprapto),
HD (Hadiyanto), DOFP (Dolfie Othniel Fredric Palit), MGD (Margiyono
Darsasumarja), RF (Rinaldi Firmansyah), PJW (P. Pamela Johanna Waluyo), IAP (Imam Apriyanto Putro), JSS (Johnny Swandi Sjam),
VGN (Virano Gazi Nasution)</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Joint
Meeting of the Board of Commissioners and Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the
Board of Commissioners also held a joint meeting with the Board of Directors
for 14 (fourteen) times with the attendance recapitulation as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Attended
  Meeting</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono Darsasumadja</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10
  of 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independen Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independen Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10
  of 10</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati Pamela Johanna Waluyo</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independen Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10
  of 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Imam Apriyanto Putro</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1
  of 4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny Swandi Sjam</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independen Commissioner</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4
  of 4</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi Nasution</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Independen Commissioner</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4
  of 4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Alex J. Sinaga</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President Director /CEO</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abdus Somad Arief</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Network, IT &amp; Solution
  Director</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honesti Basyir</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Wholesale &amp; International Service
  Director</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Muhammad Awaluddin </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Enterprise &amp; Business
  Service Director</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Finance Director</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Herdi Rosadi Harman</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Human Capital Management
  Director</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Consumer Service Director</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13
  of 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indra Utoyo </font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Innovation &amp; Strategic
  Portfolio Director</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13
  of 14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No.</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=73% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Agenda/Meeting Discussion</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, January 22</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  December 2014, Progress of Closing Integrated Audit of Financial Year 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, February 23</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  January 2015, the Amendment of the 2015 RKAP, Structure of Organization</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Friday, February 27</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approval for Audited Financial
  Statement 2014 (Integrated Audit of 2014), Sign-Off Integrated Audit of
  Financial Year 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, March 23</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  February 2015, the Proposed Agenda for the 2015 GMS, PKBL Report, Dividend
  Pay-Out, Remuneration of BoD and BoC, the Amendment of Articles of
  Association</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, April 27</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  March 2015, others</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, May 21</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  April 2015, Progress of CSS 2016-2020</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, June 29</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  May 2015, Discussion on RJPP/CSS 2016-2020</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Thursday, July 30</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  June 2015, Approval of RJPP/CSS 2016-2020</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, August 24</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  July 2015, Progress on APWI Case</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, September 28</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  August 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, October 26</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  September 2015, Filing Report of Trimester III/2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, November 30</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  October 2015, Telkom Group CFU &amp; FU and Telkom Group HCFU Implementation,
  Discussion on the 2016 RKAP</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monday, December 7</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approval of the 2016 RKAP</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tuesday, December 22</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=73% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s Performance in
  November 2015, Revaluation of Assets, Handling on Speedy Customers </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ROTI></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">REPORT ON THE IMPLEMENTATION OF THE
SUPERVISORY TASK OF THE BOARD OF COMMISSIONERS</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> IN 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Throughout
2015, the Board of Commissioners has conducted a series of activities in the
framework of its supervisory task as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The execution of Corporate actions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The implementation of organizational
transformation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Setting of the network modernization.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Flexi Migration.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">International Business Development.</font></p>

<p style="margin-bottom:10.0pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Cellular network performance. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
supervisory tasks are performed by the Board of Commissioners through a variety
of activities as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through a Joint Meeting of the Board of
Commissioners and the Board of Directors which is held at least once a month.
At the meeting, the Board of Directors addresses the Company's performance both
operationally and financially as well as stock prices in an integrated way in a
report called the Management Report.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through other meetings with the Management,
coordinated by the Dekom Secretariat and the committees within the Dekom
Secretariat.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through field monitoring in which Dekom with
its team made field visits both to assess the performance achievement with
Telkom at the location or to monitor the progress of investment development.</font></p>

<p style="margin-bottom:10.0pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">By receiving a report on the processes that
are strategic and becoming common concern. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through a
series of supervisory that has been carried out by the Board of Commissioners
throughout the year of 2015, the Board of Commissioners came to the conclusion
that the implementation of the management in 2015 has run very well. The management
is capable in creating revenue growth above the average of the industry,
achieving positive growth in POTS business as well as double digits mobile
revenue growth. All of these results are reflected by the good performance of
the stock prices compare to the stock index.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TEP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">THE ENHANCEMENT PROGRAM OF THE
COMPETENCE OF THE BOARD OF COMMISSIONERS </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Throughout
2015, the Board of Commissioners completed several training programs to
increase its competence, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:115%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td rowspan=2 valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">N</font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">o.&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Nama</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=77% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Enhancement
  of the Board of Commissioners Competence</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Program</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Location</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Date</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td rowspan=3 valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">1</font></p>
  </td>
 <td rowspan=3 valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Hendri Saparini</font></p>
  </td>
 <td rowspan=3 valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=SV style="font-size:9.0pt;line-height:115%;">Capacity Building Board Of
  Commissioners (Small Group Discussion &amp; Workshop)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Hongkong</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">January
  29-30</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Indonesia Academic
  Conference - Scholar International Convention 2015</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">London</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">October
  2-4</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:115%;">Working visit to Huawei
  Headquarters and meetings with China Telecom</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">China</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">June
  13-17</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td rowspan=3 valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">2</font></p>
  </td>
 <td rowspan=3 valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Parikesit Suprapto</font></p>
  </td>
 <td rowspan=3 valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=SV style="font-size:9.0pt;line-height:115%;">Capacity Building Board Of
  Commissioners (Small Group Discussion &amp; Workshop)</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Hongkong</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">January
  29-30</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Mobile World Congress 2015</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Spain</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">March
  2-5</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:115%;">Working visit to Huawei
  Headquarters and meetings with China Telecom</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">China</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">June
  13-17</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td rowspan=2 valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">3</font></p>
  </td>
 <td rowspan=2 valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td rowspan=2 valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=SV style="font-size:9.0pt;line-height:115%;">Capacity Building Board Of
  Commissioners (Small Group Discussion &amp; Workshop)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Hongkong</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">January
  29-30</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Mobile World Congress 2015</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Spain</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">March
  2-5</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">4</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Hadiyanto</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Meeting with Ericsson
  Management (update knowledge)</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Romania</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">November
  1-4</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">5</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Margiyono Darsasumarja</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Meeting with Ericsson
  Management (update knowledge)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Romania</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">November
  1-4</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">6</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Rinaldi Firmansyah</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Closing Bell Ceremony 20th
  at New York Stock Exchange</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">New
  York</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">November
  22-26</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">7</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Pamiyati Pamela Johanna</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Working visit to Huawei
  Headquarters and meetings with China Telecom</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">China</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">June
  13-17</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Meeting with NEC Management </font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">Japan</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;">September
  16-18</font><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:115%;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TAOTP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">THE ASSESSMENT OF THE
PERFORMANCE OF THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Overall, the
GMS is the one that conducts the assessment on the performance of the Board of
Commissioners, with regard to the tasks and responsibilities of the Board of
Commissioners in the relevant year. Accountability of the implementation of the
task and responsibilities of the Board of Commissioners for the financial year
of 2015 is carried out in the GMS that will be held in 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ROTBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">REMUNERATION OF THE
BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Each member of the Board of Commissioners is entitled
to a monthly remuneration and allowances. They are also entitled to bonus based
on their performance and achievements of the Company, which the amount is
determined by the shareholders at the GMS. The members of the Board of
Commissioners are also entitled to </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">lumpsum </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">benefits when they quit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The amount
of remuneration for the members of the Board of Commissioners is calculated
based on a formula developed by the Nomination and Remuneration Committee,
which is also used to determine the salaries of Directors, and the amount
refers to the percentage of the salary of the President Director which has been
approved by the GMS. In accordance with the Regulation of the Minister of
State-Owned Enterprises number PER-04/MBU/2014, GMS is able to determine
revenue by using different type and/or certain magnitude from the one
stipulated in the Ministerial Regulation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PFDAAOR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PROCEDURE FOR
DETERMINATION AND AMOUNT OF REMUNERATION OF THE BOARD OF COMMISSIONERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determining
Procedures</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration
of the Board of Commissioners determined by the following procedures:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners asked the Nomination
and Remuneration Committee to draft the proposed remuneration of the Board of
Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Nomination and Remuneration Committee
asked an independent party to compose a framework for the remuneration of the
Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Nomination and Remuneration Committee
proposed the framework referred to the Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners proposes
remuneration for the members of the Board of Commissioners to the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The GMS delegates the authority and power to
the Board of Commissioners with prior approval.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Shareholders of Dwiwarna A Series to determine
the remuneration of the members of the Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration
structure</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
remuneration structure of the Board of Commissioners refers to the provisions
contained in the Regulation of the State Minister of State-Owned Enterprises
No.PER-04/MBU/2014 on Guidelines on Income Determination for the Board of
Directors, Board of Commissioners and Board of Trustees of the State-Owned
Enterprises. The principle for income determination of the Board of
Commissioners is set by the GMS , with the components consist of: </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.8pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Salary/Wages;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.8pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Allowance;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.8pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Facilities; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.8pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Performance Incentive.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
Remuneration Amount of Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">For 2015,
the total number of remuneration paid to the entire Board of Commissioners was
Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">50.1&nbsp;</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">billion. Taxes from
Remuneration borne by the Company amounted to Rp3.5 billion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration
Recapitulation of the Board of Commissioners of Telkom, 2015 is as follows.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Board of Commissioner</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Value (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Honorarium &amp; Allowance</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Tantiem, THR, LTI and Post Employment Benefits</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,190.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">254.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,444.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,026.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,722.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,749.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Parikesit Suprapto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,026.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,722.6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,749.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,071.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">227.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,298.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Rinaldi Firmansyah</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">718.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">790.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pamiyati Pamela Johanna
  Waluyo</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">723.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">795.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Margiono Darsasumarja</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">723.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">72.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">795.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Imam Apriyanto Putro*</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">347.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5,870.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,217.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Johnny Swandi Sjam*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">347.2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,622.1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,969.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Virano Gazi Nasution*</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">347.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,849.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,197.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Jusman Syafii Djamal**</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,131.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,131.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Note *) until AGMS date of
April 17, 2015</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-4.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">**) until EGMS date of&#160; December 19, 2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SOBMOBOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SHARE OWNERSHIP BY
MEMBERS OF BOARD OF COMMISSIONERS</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=54% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of Shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Percentage
  of Ownership</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=54% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">18,982</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00002%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=54% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">519,640</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00052%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=54% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">17,084</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00002%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=TBOCS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">THE BOARD OF
COMMISSIONERS SECRETARIAT </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">The Board of
Commissioner is assisted by a Secretary of the Board of Commissioners, who is
responsible for ensuring that the execution of the Board of Commissioners
duties is in accordance with the Company's Articles of Association and existing
legislation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">The Board of Commissioners
Address</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">The official
address of Telkom&#8217;s Board of Commissioners&#160; is Graha Merah Putih, 5<sup>th</sup>
Floor, Jl. Jend. Gatot Subroto, Kav.52, Jakarta 12710, Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=BOD></a><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:none;">BOARD OF
DIRECTORS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;text-transform:none;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DGE></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DEFINITION / GENERAL EXPLANATION OF BOARD OF
DIRECTORS </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of
Directors is the organ of the company who is fully responsible for the
management of the company for the interests and objectives of the company and
represents the company both inside and outside the court in accordance with the
provisions of the Articles of Association. In carrying out the duties of
corporate management, the Board of Directors adhered to the Articles of
Association, the GMS decisions and Board of Directors&#8217; Charter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In the
management of the company, each member of the Board of Directors can act and
decide on a policy based on the duties and authority given, but nevertheless
remains a collegial responsibility in the management of the company. Execution
of tasks according to this authority should be solely executed according to the
aims and objectives of the company. It thus, reflects the principle that the
position of each respective member of the Board of Directors including the
President Director is the equivalent, in which the President Director task is
to coordinate the activities of the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BODC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BOARD OF
DIRECTORS&#8217; CHARTER</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In carrying out its duties and authority to manage the
company, the Board of Directors of Telkom is guided by the Board of Directors&#8217;
Charter, a Company&#8217;s Regulations tailored specifically to serve as a guide for
members of the Board of Directors to interact in managing the company in an
efficient, effective, accountable and responsible way.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Directors&#8217; Charter contains agreements
which include mechanism and labor division arrangement among the members of the
Board of Directors that are not stipulated in the Articles of Association and
the provisions of the legislation, and are aimed to increase and coordinate the
performance of the Board of Directors as well as to optimize the use of working
time in managing the company.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The currently applicable Board of Directors&#8217; Charter
is&#160; established by the Resolution of the Board of Directors of the Limited
Liability Company (Persero) PT Telkom Indonesia Tbk No.
PD.604.00/r.00/HK000/C00-D0030000/2011 dated July 11, 2011 on BOD Charter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Board
of Directors&#8217; Charter consists of four chapters, namely: Chapter I.
Introduction; Chapter II. Board of Directors&#8217; Charter; Chapter III. Closing;
Chapter IV. Annex.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As stated in
the Charter, the intent and purpose of the drafting and enactment of the
Charter are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The intent of the Charter
is to guide the management of the Company through the implementation of good
corporate governance in accordance with the legislation and by upholding the
prudential principle.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The purpose of the Charter
is:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-7.65pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">to achieve efficiency and accelerate
decision-making process undertaken by the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-7.65pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">to reduce bureaucracy in the governance of the
administrative management of the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">to support the achievement and improvement of
the performance of the Board of Directors in each field of work.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COB></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CRITERIA
OF BOARD OF DIRECTORS MEMBERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Directors
are appointed and dismissed by the resolution of the GMS. To be elected, a candidate
must be nominated by the Dwiwarna A Series Shareholder. The tenure of each
Director of Telkom commences from the date of appointment to the AGMS in the
next five (5) years. Shareholders in the AGMS or EGMS are entitled to dismiss
members of the Board of Directors at any time before his or her term ends.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Criteria
of the Members of the Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
Law No. 40 Year 2007 regarding Limited Liability Companies, Regulation of the
Minister of State-Owned Enterprises No.1/MBU/2012 on Procedures for the
Appointment of Directors of the State-Owned Enterprises, and the Regulation of
the OJK No.33/POJK.4/2014 on the Board of Directors and Board of Commissioners
of Issuers or Public Company, a member of the Board of Directors is an
individual who meets the requirements upon appointment and during his or her
tenure:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Has a good character, morals, and integrity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">is proficient in undertaking legal actions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In the 5 years prior to appointment and during
his or her tenure, he/she:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">has not been declared bankrupt;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was never be a member of the Board of
Directors and/or member of the Board of Commissioners who is
found guilty for causing a company to go bankrupt;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">has never been convicted of a criminal offense
that is detrimental to the state finance and/or related to the financial
sector; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">was never a member of the Board of Directors
and/or member of the Board of Commissioners and during his or her tenure: (a)
had not organized the AGMS, (b) his or her accountability report as a member of
the Board of Directors and/or member of the Board of Commissioners was not
accepted by the GMS or had not given his or her accountability report as a
member of the Board of Directors and/or member of the Board of Commissioners to
the GMS, and (c) had never caused the company who has a permit, approval, or
registration of the OJK</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">to not fulfill the obligation to submit annual
reports and/or financial reports to the OJK</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">has a commitment to comply with laws and
regulations; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">has knowledge and/or expertise in the required
field of the Issuers or Public Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Selection
of Members of the Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Selection of
members of the Board of Directors of Telkom for the period of 2014-2019 is
carried out through the Fit and Proper Test based on the Regulation of the
Minister of State-Owned Enterprises No. Per 01/MBU/2012 on the Requirements and
Procedures for Appointment and Dismissal of Members of Board of Directors of
State-Owned Enterprises and some of the changes that accompany it, including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation of the Minister of State-Owned
Enterprises No.Per-06/MBU/2012 on the Amendment of the Regulation of the
Minister of State-Owned Enterprises No.Per 01/MBU/2012 on the Requirements and
Procedures for Appointment and Dismissal of Members of Board of Directors of
State-Owned Enterprises;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation of the Minister of State-Owned
Enterprises No.Per-16/MBU/2012 on the Second Amendment of the Regulation of the
Minister of State-Owned Enterprises No.Per 01/MBU/2012 on the Requirements and
Procedures for Appointment and Dismissal of Members of Board of Directors of
State-Owned Enterprises;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation of the Minister of State-Owned
Enterprises No.Per-09/MBU/2014 on the Third Amendment of the Regulation of the
Minister of State-Owned Enterprises No.Per 01/MBU/2012 on the Requirements and
Procedures for Appointment and Dismissal of Members of Board of Directors of
State-Owned Enterprises; and</font></p>

<p style="margin-bottom:10.0pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation of the Minister
of State-Owned Enterprises No.Per-20/MBU/2014 on the Fourth Amendment of the
Regulation of the Minister of State-Owned Enterprises No.Per 01/MBU/2012 on the
Requirements and Procedures for Appointment and Dismissal of Members of Board
of Directors of State-Owned Enterprises.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Nevertheless,
to determine the members of the Board of Directors in the following years,
Telkom will use the Regulation of the Minister of State-Owned Enterprises
No.PER-03/MBU/02/2015 issued on February 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 in organizing the Fit and Proper
Test for candidates for the Board of Directors.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CDATO></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">COMPOSITION, DIVERSITY AND TERM OF OFFICE OF
THE BOARD OF DIRECTORS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
Composition and Diversity of the Board of Directors</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The composition and diversity of the Board of
Directors of Telkom is a combination of desired characteristics in terms of the
body of the Board of Directors as a whole and each candidate members of the
Board of Directors individually in accordance with the development needs of the
Company. The combination is determined by considering the skills, knowledge and
experience that fit with the division of tasks and functions of the office of
the Board of Directors in supporting the achievement of the goals of the
Company. In such manner, Telkom ensures the combination of characteristics and
expertise of each member of the Board of Directors will form a unity that will
impact the provision and speed of decision making of the management of the
Board of Directors who always share responsibility.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In determining the composition of the Board of
Directors of the Company, Telkom always considers certain specific aspects for
strategic positions and tasks, especially for the office of financial
management, given at the end of each management period, the Board of Directors
is required to be responsible for the management results in the form of
Financial Report and Annual Report delivered at the GMS. The Financial Report
is signed by the President Director and Director of Finance. While the Annual
Report, which basically refers to the prepared Financial Report, is signed by
the entire management of the Company, which are the Board of Commissioners and
Board of Directors.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The disclosure and preparation of financial
information presented in the financial statements will depend on the expertise
and/or knowledge of the Board of Directors, in particular the member of the
Board of Directors which oversees the field of accounting or finance. The
expertise qualification and/or knowledge in the field of accounting owned by
member of the Board of Directors will be able to provide assurance on the
accuracy of the preparation of financial reports. Therefore, in appointing the
Finance Director, Telkom always considers carefully the background of the
relevant skills and competencies in finance and accounting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">All members
of the Board of Directors who are currently in office have met the composition
and diversity of shared and individual expertise that are required to run a
professional, effective, efficient and accountable management of the company in
order to fulfill the expectations of stakeholders.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Composition
and Term of Office of the Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
resolution of the AGMS dated April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015, the composition of Telkom's Board
of Directors has not changed, so it is still the same as the results of the
2014 EGMS. Therefore, the composition of Telkom's Board of Directors is as
follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Table of
Composition of Personnel and Tenure of Board of Directors of Telkom up to
December 31</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Directors</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Title</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The
  commencement year of tenure</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Alex J. Sinaga</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President
  Director</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indra Utoyo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2007<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><sup><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dian Rachmawan</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abdus Somad Arief</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honesti Basyir</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td width=32% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2012</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Information: </font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1)</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Based on the decision of
the AGMS in 2007, the concerned individual served as the Director of
Information Technology Solution and Supply up to the AGMS in 2012, and on the
decision of the AGMS in 2012 as the Director of Innovation and Strategic
Portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a follow
up the implementation of the EGMS on Friday, December 19</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014,
Telkom has held a meeting of the Board of Directors on the same date and
assigned nomenclature for the Board of Directors of Telkom as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Alex J. Sinaga as
President Director</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Heri Sunaryadi as Director
of Finance</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Indra Utoyo as Director of
Innovation and Strategic Portfolio (&quot;ISP&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dian Rachmawan as Director
of Consumer Service (&quot;CONS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Muhammad Awaluddin as
Director of Enterprise and Business Service (&quot;EBIS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Abdus Somad Arief as
Director of IT Network and Solution (&quot;NITS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Herdy Rosadi Harman as
Director of Human Capital Management (&quot;HCM&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Honesti Bashir as Director
of Wholesale &amp; International Service (&quot;WINS&quot;)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TRA></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TASKS, RESPONSIBILITIES AND AUTHORITIES OF
DIRECTORS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">The task of
each member of the Board of Directors in accordance to the field of activities
which they are responsible, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">President Director as the
CEO of Telkom Group</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Coordinate the process of structuring and/or
reconstructing aspects of the corporate philosophy that include, but is not
limited to, vision, mission, goals, corporate culture, as well as leadership
architecture.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Formulate and declare strategic direction in
order to set the Company's ability to achieve sustainable competitive growth in
all of our business portfolio, risk management as well as interfacing with
external constituent within the group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Control the function of strategic planning
within the scope of Telkom group and direct the development efforts with a
focus on the growth of new business portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Control the direction of the corporate in the
attempt of driving new business, entering/developing new markets as well as
internationalization/regionalization.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Control the management of strategic aspects
and financial functions, human capital as well as innovation and strategic
portfolio of the entire business portfolio that runs within the scope of the
Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Lead the process of leadership development of
the Telkom Group, appoint as well as dismiss certain position holders in accordance
with the stipulated career management regulations, and develop Telkom leaders
as a group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Periodically report the performance of the
Company in accordance with the provisions applicable to public companies.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Finance
(&quot;KEU&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the concept and formulation of the
Long-Term Plan for the Company's financial scope within the Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Facilitate the formulating process of the
concept of corporate strategy level, especially financial </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&amp; assets </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">perspective to aspects such as, but not limited to, strategic
budgeting, business and investment, parenting strategy, subsidiary performance,
capital management</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and supply management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Define the functional strategy and policy in
the field of finance and assets, which include, among others, but not limited
to, financial policy, asset management policy, supply management policy and
financial system support policy. </font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Define strategic and functional policies in
the field of risk management to ensure the effectiveness of the business
continuity management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Managing investor relations in order to
maintain investor psychology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the governance policy, financial
accounting management, management accounting, corporate finance, supply and
risk as well as control implementation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the policy, governance and mechanism
management of the budgeting process of the Company (Company&#8217;s Budget Plan)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Carry out advisory functions in determining
strategy at the level of corporate level strategy, in particular for matters
related to Telkom&#8217;s financial resources in the group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure effective management of all risks in
the business processes within the scope of the whole unit under the Finance
Directorate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Innovation
&amp; Strategic Portfolio (&#8220;ISP&#8221;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the concept and formula of the
Company&#8217;s Long-Term Plan (corporate strategic scenario)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the governance policies and the
mechanisms of the management of corporate planning and strategy (policies on
the level of planning and strategy - corporate level, business level and
functional level)</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the strategy and the policy of
the Telkom Group&#8217;s business portfolio</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the strategy, policy and
recommendation for corporate action and strategic investment for the
development of Telkom Group&#8217;s business</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the innovation strategy in order
to explore new sources of growth for Telkom Group&#8217;s business portfolio</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To determine the parenting strategy to
harmonize and optimize the capability of the Telkom Group&#8217;s business entities</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the policy, governance and mechanisms
of innovation in the development of Telkom Group's business portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the policy, governance and
management mechanisms of Telkom Group&#8217;s synergy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Carry out advisory functions in the process of
defining a strategy at the corporate level strategy, particularly for matters
related to the development aspects of the business portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensuring the effectiveness of the management
of all risks in the business processes within the scope of the whole unit under
the ISP directorate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Human Capital
Management (&quot;HCM&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the concept and formulation of the
Long-Term Plan on Human Capital and Human Capital Master Plan as a group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Facilitate the process of formulating the
concept of corporate level strategy, especially for aspects related to the
development of a center of excellence, for people aspect, human capital,
organization design, corporate culture, leadership architecture and industrial
relation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Define functional strategy and policy in the
areas of human capital, such as, but not limited to, the field of human capital
development, human capital system, human capital operation, organization
development, and industrial relations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Prepare and execute Telkom Smart Office
programs.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the policy, governance, management
and planning mechanism as well as resources management (associated with the
development, utilization and management of human resources) and organization
development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the policy, governance, coaching
mechanism and interrelation with entities/institutions related to the human
resources management, including but not limited to, institutions that deal with
pension fund management, the health of employees and retirees, the development
of skills and competencies or educational institutions, as well as employee
union.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Implementing a program of Partnership and
Community Development</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Carry out advisory functions in determining
corporate strategy at the corporate level, particularly for matters related to
human resources within the Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensuring the effectiveness of the management
of all risks in the business processes within the scope of the whole unit under
the HCM directorate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Network, IT
&amp; Solution (&quot;NITS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine business planning and strategy to
leverage the ability of the Company's resources in order to
develop/raise/exploit established business/services through the utilization of
infrastructure, IT and solution in synergy to support Telkom Group&#8217;s business
portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and mechanism in
order to utilize the infrastructure/network to support Telkom Group's business
portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and mechanism in
order to utilize IT to support Telkom Group's business portfolio.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and mechanism in
order to shape superior performance over the service/solution that supports the
sustainable competitive growth of Telkom Group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Manage and control parenting mechanism in
accordance with the parenting strategy of all units under the Directorate of
Network, IT and Solutions (NITS) and/or other units that directly involved in
the process of conducting utilization activities and infrastructure operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure the effectiveness of the management of
all risks in the business processes within the scope of the whole unit under
the Directorate of NITS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.4in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Consumer
Service (&quot;CONS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine planning and business strategy to
leverage the ability of the Company's resources in realizing competitive
advantage to win the competition and for long-term growth of the business
portfolio of the consumer segment (consumer home services and consumer personal
services) within the scope of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine parenting policies and mechanisms in
order to create company value through the optimization and harmonization of
interrelation between &quot;parent&quot; and all business operations managing
entities of the consumer segment within the scope of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of marketing function of the consumer segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of sales function and/or channel partnership of the consumer
segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and customer
relationship management mechanism of the consumer segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure the effectiveness of the management of
all risks in the business processes within the scope of the whole unit under
the Directorate of Consumer Service.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Enterprise
Business Service (&quot;EBIS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine planning and business strategy to
leverage the ability of the Company's resources in realizing competitive
advantage to win the competition and to achieve long-term growth of the
business portfolio of the corporate segment (enterprise</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, government</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and business) within the scope of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine parenting policies and mechanisms in
order to create company value through the optimization and harmonization of
interrelation between &quot;parent&quot; and all business operations managing
entities of the corporate segment (enterprise</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, government</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and
business) within the scope of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of marketing function of the corporate segment (enterprises</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, government</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and business).</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of sales function and/or account management of the corporate segment
(enterprises</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, government</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and business).</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and customer
relationship management mechanism of the corporate segment (enterprises</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, government</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and business).</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure the effectiveness of the management of
all risks in the business processes within the scope of the whole unit under
the Directorate of EBIS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Director of Wholesale
&amp; International Service (&quot;WINS&quot;)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine planning and business strategy to
leverage the ability of the Company's resources in realizing competitive
advantage to win the competition and to achieve long-term growth of the
business portfolio of the wholesale and international business segment within
the scope of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine parenting policies and mechanisms in
order to create company value through the optimization and harmonization of
interrelation between &quot;parent&quot; and all business operations managing
entities of the wholesale and international business segment within the scope
of Telkom group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of marketing function of the wholesale and international business
segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance and management
mechanisms of sales function and/or account management of the wholesale and
international business segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine policy, governance, and customer
relationship management mechanism of the wholesale and international business
segment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure the effectiveness of the management of
all risks in the business processes within the scope of the whole unit under
the Directorate of WINS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DOA></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DELEGATION OF AUTHORITY AND COMPANY&#8217;S
MANAGEMENT POLICIES BY BOARD OF DIRECTORS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">When a certain member of the Board of
Directors is absent, the concerned member may appoint Temporary Substitute
Employee to directly take over the authority, duties and functions of the
concerned member. The procedure of appointment and accountability of the
implementation of duties of the Temporary Substitute Employee is stipulated in
the Board of Directors&#8217; Charter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">During the
reporting year, there is 42 delegation of authority of a member of the Board of
Directors to other members or other Temporary Substitute Employee. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MAAR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MEETINGS, ATTENDANCE AND RESULTS/RESOLUTIONS
OF THE MEETING OF THE BOARD OF DIRECTORS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The meeting of the Board of Directors is
chaired by the President Director, however, this position can be replaced by
other Directors if the President Director is unable to attend for some reason.
The meeting of the Board of Directors may be held at any time if deemed
necessary at the request of one or more members of the Board of Directors or at
the request of the Board of Commissioners or at the written request of one or
more shareholders who own at least one-tenth or more of the outstanding common
shares.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Meeting quorum is achieved when more than half
of the members of the Board are present or legally represented in the meeting.
Each member present at the meeting has one vote (and one vote for each one of
the other Directors who are represented).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The decision-making
in the meeting of the Board of Directors is based on consensus. If consensus is
not reached, then the decision-making will be done through majority vote of
members of the Board of Directors in attendance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Frequency
of Meetings and Meeting Attendance </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Throughout
2015, meeting of the Board of Directors was held for 47 times with the level of
attendance of each member of the Board of Directors of Telkom is as follows.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Title</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The
  number of meetings attended</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">%
  Attendance</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Alex J. Sinaga</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President Director</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88.0%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88.0%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indra Utoyo</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">46</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">92.0%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">46</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">92.0%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88.0%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abdus Somad Arief</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88.0%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88.0%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honesti Basyir</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Director</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">45</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">90.0%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">NO</font></b></p>
  </td>
 <td nowrap valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DATE</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=81% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">AGENDA</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January 6, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Monitoring
  Operational Performance, Financial and Telkom&#8217;s Shares as well as discussion
  on Industry Condition of Telkom</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January 13, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Management of
  Internal Communication, Business Performance, Telkom&#8217;s Fund Raising,
  discussion on Telco Industry, USO </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January 20, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Business
  Performance, Tax Management, Telco Industry, Progress of Integrated Audit
  Financial Year 2014, Satellite Business</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February 4, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Business
  Performance, Telkom&#8217;s Shares Performance, Telco Industry, Progress of TLT</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February 10, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February 17, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Assets Management, GMS of the Subsidiaries, Telkom
  Smart City, Telco Industry, Management Report of January 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February 24, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom Smart City, Telco Industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 3, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom&#8217;s Shares Performance, Assets Management, WiFi</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 10, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, CRM IT Tools Development, Telco Industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 13, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Conference call on
  FY 2014</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 17, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Update Workshop
  CSS, Operation &amp; Financial Performance, WiFi, Cooperation on SmartCity,
  Progress of SMPCS inauguration, Management Report of February 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 24, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telco Industry,
  Operation &amp; Financial Performance, Satellite</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 31, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Satellite, Management Workshop Report of Territory
  Division, DAPEN&#8217;s Business, Telco Industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 7, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom&#8217;s Shares Performance, Telco Industry </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 14, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Preparation for the
  AGMS, Operation &amp; Financial Performance, Program PMO, Endorsement
  Preparation on the 60<sup>th</sup> Anniversary Commemoration of KAA, SMPCS
  Implementation</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">16</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 21, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Management Report of March 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">17</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 12, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom&#8217;s Shares Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">18</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 19, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Progress of CSS, Telco Industry, Public Expose,
  Management Report of April 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">19</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 26, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telco Industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 3, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, TV Business, Telkom&#8217;s Shares Performance</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 9, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Program PMO, Telkom&#8217;s Shares Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">22</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 16, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Program PMO, Telkom&#8217;s Shares Performance, Preparation
  of MoU between Telkom &#8211; Ministry for Agrarian Affairs and Spatial/BPN,
  Business Content, Management Report of May 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">23</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 24, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telco Industry</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">24</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 30, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, High Speed Internet and Wifi, Content of UseeTV</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">25</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July 7, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom&#8217;s Shares Performance, Final Presentation of CSS</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">26</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July 14, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">YAKES Business,
  DAPEN Business, Operation &amp; Financial Performance, Turn Around Program</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">27</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July 28, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Turn Around Program, The Company&#8217;s Performance in June
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">28</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 5, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Turn Around Program, Satellite Business</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 18, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Management Report of July 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">30</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 25, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Initiative Program of BUMN Synergy</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">31</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 1, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Progress of Telkom Landmark Tower, Bandung ICT Expo
  2015, Transfer of Treasury Stock as a Result of BuyBack Share Program - Stage
  III Post ESOP</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">32</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 8, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Indihome, Video Business Strategy</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">33</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 15, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, CAM 2016, Olimpiakom</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">34</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 22, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Digital Service Division and Change Management Group</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">35</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 29, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Satellite Business,
  Permen 09/2015 PKBL, Operation &amp; Financial Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">36</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 6, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Progress of Telkom Landmark Tower, Organization of
  Digital Service Division, KPKU 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">37</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 13, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom&#8217;s Shares Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">38</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 20, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, WINS, Preparation of the 2016 Telkom&#8217;s Calendar,
  Management Report of September 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">39</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, EBIS &amp; Unconsolidated, Transfer of the rest of
  Treasury Stock Stage 3, Progress of KPKU Report, Telkom Smart Office</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">40</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 10, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Implementation of KPKU Assessment</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">41</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 17, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Management Report of October 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">42</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">November 24, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">43</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 1, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, Telkom 3S Satellite, IPTV, TLT </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">44</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 8, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, TeSCA Award 2015, Management Report of November 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">45</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 15, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, NARU Program, Progress of IPTV Platform</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">46</font></p>
  </td>
 <td nowrap valign=top width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 22, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance, The Company&#8217;s Performance in November 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=4% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">47</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">December 29, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=81% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Operation &amp;
  Financial Performance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">161</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CEPOTBOD></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">COMPETENCE ENHANCEMENT
PROGRAM OF THE BOARD OF DIRECTORS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As State-Owned Enterprises in general, Telkom has two
types of program aimed at improving the competence of members of the Board of
Directors in carrying out its duties, namely the Orientation Program/Introduction
of the Company to the Board of Directors and Capacity Building Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Orientation
Program/Introduction of the Company</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">This program
is a regular program carried out to improve mutual understanding among members
of the newly established Board of Directors. The focus of the Orientation
Program includes, among others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Orientation Program about the Company shall be
given to Members of the Board of Directors who serve for the first time in the
Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The responsibility to hold the orientation
program is at the President Director or if the President Director is absent,
the responsibility for the implementation of the orientation program is at the
Main Commissioner or other members of the Board;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The material provided in the Orientation
Program includes the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Implementation of the principles of good
corporate governance by the Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Description of the company with regard to the
aim, nature, scope of activities, products, financial performance and
operations, strategies, short-term and long-term business plan, competitive
positioning, risks and various other strategic issues;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Explanation related to the delegated
authority, internal audit, external audit, internal control systems and
policies as well as the duties and role of the Team, other Committees
established by the Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The legal responsibilities of the members of
the Board of Directors;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Description of the employment relationship,
the duties and responsibilities of the Board of Directors;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.7pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and other functions and responsibilities of
the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Given that
there is no change in personnel composition of the Board of Directors of Telkom
within the reporting year, this program is not organized.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Capacity
Building Program</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">This program
is conducted through the implementation/participation of the members of the
Board of Directors of Telkom in various training programs conducted by the
Company and/or credible external parties. Throughout 2015, various training
programs, workshops, conferences and seminars, attended by several members of the
Board of Directors for competence enhancement are as follows.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Table on
Training/Workshop/Seminar to improve the competence of Board of Directors</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=31% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Program</font></b></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Location</font></b></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
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 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Alex J. Sinaga</font></p>
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 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia Telecom and
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 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
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 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bandung</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
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  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">BUMN Marketers Award 2015</font></p>
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 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
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 </tr>
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  <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
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 </tr>
<tr style="height:1.0pt;">
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 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">BRTI Sharing Session: &#8220;The
  Telecommunication Industry&#8221;.</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November
  2, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Program</font></b></p>
  </td>
 <td nowrap valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Location</font></b></p>
  </td>
 <td nowrap valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honesti Basyir</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mobile World Congress 2015
  Participant</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Barcelona</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  2-4, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Benchmark One Network to
  Telecom Italy, Rome</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rome</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  5, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Head of Delegation to the
  Public Hearing with the Guam Public Utility Council (GPUC) for the GTA
  M&amp;A process</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Guam</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August
  11-13, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abdus Somad Arief</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mobile World Congress
  (Participant)</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Barcelona</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  2-4, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Seminar INDOTELKO (Speaker)</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  24, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">FTTH Council Asia Pacific 2015
  (Panelist)</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  20, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IEEE-APWiMob Conference 2015
  (Keynote Speaker)</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bandung</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August
  27, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">ITU Regional Workshop (Keynote
  Speaker)</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September
  10, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">World Radio Conference 2015
  (Delegation)</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Geneva</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November
  23-28, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Herdy Harman</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sharing session with
  ThyssenKrupp</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August
  19, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sharing session with the
  Malaysian Trade Union</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Makassar</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August
  27, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sharing session with the
  Indonesia Human Capital Study (IHCS)</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September
  2, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8220;Reward and Punishment for BUMN
  Executives&#8221; FGD</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December
  17, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia Telecom &amp;
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 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
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 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
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  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
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 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8220;2015 Investment Prospects&#8221; by
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 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Frankfurt</font></p>
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 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
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  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Group Directorship
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  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bandung</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June
  10, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">CIMB 9th Annual Indonesia
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  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bali</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June
  11, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indra Utoyo</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participant at World Mobile
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  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Barcelona</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  2-4, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">INSEAD Leadership Series 2015</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June
  12, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participant at Indonesian
  Business Forum (Executive Economic Program) </font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September
  21, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participant at Indonesian
  Economic Quo Vadis / National Economic Seminar</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October
  5, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participant at CORE Indonesia</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November
  18, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participant at FGD Road Map
  BUMN 2015-2019</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Karimun
  Jawa Island</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November
  20-22, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=EAOTP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">EVALUATION/ASSESSMENT OF THE PERFORMANCE OF
THE BOARD OF DIRECTORS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Basic
Criteria for Qualitative and Quantitative Assessments</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Criteria
used in the assessment on the performance of members of the Board of Directors
is based on a balanced scorecard that measures four main aspects, namely
financial, customer, internal business process and learning and growth process
as well as containing three elements of Key Performance Indicator (KPI), namely
shared KPI, common KPI and specific KPI.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Shared KPI
is a KPI with same naming, target, realization and achievement for the entire
Board of Directors. Common KPI is a KPI with same naming and target, yet it has
different realization and achievement from each member of the Board of
Directors. Specific KPI is a KPI that is different for each member of the Board
of Directors and a specific program that becomes a part of the main task and
priority of each Director and the Directorate that he or she leads.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Implementing
Process of the Performance Assessment of the Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assessment
of the performance of the Board of Directors is conducted both by the Board of
Commissioners and the General Meeting of Shareholders, by referring to the
achievement of key performance indicator (&quot;KPI&quot;) of the Board of
Directors in the execution of its duties and responsibilities in accordance
with the Article of&#160; Association, to achieve the realization of the Company&#8217;s
Budget Plan.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KPI
achievement of the Directors, which will be a reference assessment for the
Board of Commissioners, is obtained after a process of internal determination.
Assessment on the performance of the Board of Directors is started by filling
out the Management Contract online and it is then followed by a face-to-face
meeting as part of the clarification process and aimed to determine final
results of performance. The results will be submitted to the Performance
Committee and President Director, which will be finalised and submitted to the
Board of Commissioners.</font></p>


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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the
performance of the Board of Directors also re-assessed by a Team appointed by
the State Ministry of State-Owned Enterprises to assess the company's
performance with reference to the Superior Performance Assessment Criteria
(KPKU) of State-Owned Enterprises. KPKU is none other than the superior
performance assessment criteria based on the Malcolm Baldrige Criteria for
Performance Excellence (MBCFPE).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parties
who Perform the Assessment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal
party who conducts the assessment on the performance of the Directors
Management Contract is the Performance Committee and the Board of Directors.
Overall, the performance assessment of the Board of Directors is carried out by
the Board of Commissioners through the mechanism of General Meeting of
Shareholders according to existing regulations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PPAR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">POLICIES, PROCEDURES AND REMUNERATION OF BOARD
OF DIRECTORS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BOD
Remuneration Policy</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Each member
of the Board of Directors is entitled to monthly remuneration and allowances.
They are also entitled to the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">tantiem&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> based on the performance and
achievement of the Company, which amount is determined by the shareholders at
the GMS. Members of the Board of Directors are also entitled to </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">lump sum</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
benefits when they quit from their position.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration
for the members of the Board of Directors is calculated based on a formula
developed by the Nomination and Remuneration Committee, which is also used to
determine the salary of the members of the Board of Directors, and the amount
refers to the percentage of the President Director&#8217;s salary approved by the
GMS. In accordance with the Regulation of the Minister of State-Owned
Enterprises No. PER-04/MBU/2014, GMS can assign revenue by certain type and/or
magnitude different from the one that is stipulated in the Ministerial
Regulation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Procedure
to Determine Remuneration for the Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
procedure to determine remuneration for members of the Board of Directors is as
follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners
asks the Nomination and Remuneration Committee to draft the proposed
remuneration of the Board of Commissioners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and Directors</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Nomination and
Remuneration Committee asks an independent party to draw up a framework for the
remuneration of the Board of Commissioners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and Directors</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Nomination and
Remuneration Committee proposes the remuneration to the Board of Commissioners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and Directors</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of Commissioners
proposes remuneration of the members of the Board of Commissioners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and Directors</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The GMS delegate the
authority and power to the Board with prior approval of Dwiwarna A Series
Shareholders to set the remuneration of the members of the Board of
Commissioners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> and Directors</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=264 id="Picture12" src="x16040107551400.jpg" width=533>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Type of
Remuneration</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The type and
amount of remuneration of the Directors refer to the provisions of the Board of
Commissioners on the Remuneration of Commissioners and Directors, which is
based on the Regulation of the State Minister of State-Owned Enterprises No.
PER-04/MBU/2014 on Guidelines to Determine the Income of Directors, Board of
Commissioners and Board of Trustees of State-Owned Enterprises. Based on the
Regulation, the income components of the Board of Directors consist of:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The proportion of
Director&#8217;s salary is set for 90% of the salary of the President Director.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Various Allowances for
Directors, at the discretion of each company, include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">religious holiday allowance</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">sabbatical leave allowance</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Communication allowance (at cost)</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Pension/post-office allowance</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1 (one) official residence along with supplies,
maintenance and the security for each member of the Board of Directors</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Facilities for Directors</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1 (one) official vehicle along with maintenance and
operational costs for each member of the Board of Directors</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Health facilities in accordance with the applicable
regulations of the Company</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">legal assistance for matters relating to the
implementation of duties</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Club Membership/Corporate Member facilities, by&#160;
taking into account the capability of the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Bonus/Performance
Incentive</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The provisions for determining
bonus/performance incentive for the Board of Directors, as stipulated in the
Regulation, are among others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Bonus is given in the event when state-owned
enterprises make profits in the financial year concerned.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Bonus is an annual employee benefits based on the
performance of the company which amount is determined by the General Meeting of
Shareholders.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
amount of remuneration of Directors in 2015</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015,
total remuneration paid to all Directors is Rp119.2 billion. Taxes from
Remuneration borne by the Company amounted to Rp7.6 billion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration
table for each Member of the Board of Directors.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td rowspan=2 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Board of Director</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Value (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Honorarium</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Tantiem &amp; THR</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Allowance</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Alex J. Sinaga</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,112.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">548.4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,960.4</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Heri Sunaryadi</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">486.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,687.5</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Indra Utoyo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,755.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,956.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Dian Rachmawan</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">486.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,687.5</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,755.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,956.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Abdus Somad Arief</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">486.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,687.5</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">486.7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,687.5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Honesti Basyir</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,900.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,755.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">300.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,956.1</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Arief Yahya*</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,581.8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,581.8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Ririek Ardiansyah*</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Priyantono Rudito*</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Rizkan Chandra*</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=35% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Sukardi Silalahi*</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,265.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Note *) until EGMS date of
December 19, 2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SOBBOD></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SHARE OWNERSHIP BY BOARD
OF DIRECTORS</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td nowrap valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of Shares</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Percentage
  of Ownership (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Alex J Sinaga</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">42,723</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00004</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indra Utoyo</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,182,295</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00120</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Honesti basyir</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,155,295</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00118</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">98,505</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00010</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,154,755</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00118</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Heri Sunaryadi</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">37,965</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00004</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Abdus Somad Arief</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">37,965</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00004</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">37,663</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">0.00004</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
Total accrued remuneration of Board of Commissioners and Directors for 2015 was
Rp161 billion, consisting of long-term incentives and tantiem.</font></p>


<a name="_bclFooter168"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">166</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CUTBOC></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">COMMITTEES UNDER THE
BOARD OF COMMISSIONERS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In carrying
out its duties, the Board of Commissioners is assisted by committees under the
coordination of the Board of Commissioners, namely: Audit Committee, Nomination
and Remuneration Committee, as well as Planning and Risk Evaluation and
Monitoring.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AC></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AUDIT COMMITTEE</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit
Committee was formed in order to meet the principles of accountability of the
public state-owned company in accordance with the laws and regulations in
Indonesia. With the main task of enforcing accountability, the Audit Committee
has duties and responsibilities, among others, as follows: (i) to ensure that
the Company's financial information is presented fairly in accordance with
financial accounting standards in Indonesia and the legislation in force; (ii)
to provide an independent opinion in the event of disagreements between the
management and Accounting for its services rendered; (iii) to provide
recommendations to the Board of Commissioners regarding the appointment of an
Accountant based on independence, the scope of the assignment, and the fee;
(iv) to ensure that the internal control structure of the Company is
implemented effectively, including through examining complaints related to the
accounting and financial reporting processes, (v) to ensure that the
implementation of internal and external audit is conducted in accordance with
the applicable auditing standards, and (vi) to ensure the adherence of the
Company against the legislation in the field of capital market and other laws
and regulations relating to the Company's activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COAC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CHARTER OF AUDIT COMMITTEE </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The details
of duties, responsibilities and obligations of the Audit Committee are outlined
in the Audit Committee Charter (Charter) that is applied based on the decision of
the Board of Commissioners. One of the main tasks of the Audit Committee is to
conduct oversight of financial reporting process, including by monitoring and
evaluating the independence of the independent auditor. While the management is
responsible for contents of Financial Statement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MEMBERSHIP
REQUIREMENTS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Fit and
proper test for the Committees under the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
Audit Committee Charter, the membership requirements of the Audit Committee are
as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Independent
Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">It is not the people who work or have the
authority and responsibility for planning, directing, controlling or
supervising activities of the Company within the last 6 (six) months;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not having shares, either directly or
indirectly, in the Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not affiliated with the Company, members of
the Board of Commissioners, members of the Board of Directors or main
shareholders of the Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not having a business relationship, either
directly or indirectly, with the Company's business activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Independence
Requirements</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">It is not a person in a Public Accounting
Firm, Law Firm, Office of Public Appraisal Services, or any other parties who
give assurance services, non-assurance services, appraisal services and/or
other consulting services to the Company for a minimum of 6 (six) months before
being appointed by the Board of Commissioners;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">It is not the people who work or have the
authority and responsibility for planning, directing, controlling or
supervising activities of the Company within 6 (six) months prior to
appointment by the Board of Commissioners;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not having shares, either directly or
indirectly in the Company. In the case of members of the Audit Committee of the
Company acquire shares either directly or indirectly as a result of a legal
event, then these shares shall be transferred to another party within a maximum
period of 6 (six) months after obtaining the shares.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not having a business relationship, both
directly or indirectly with the Company's business activities;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not affiliated with members of the Board of
Commissioners, members of the Board of Directors or the main shareholders of
the Company.</font></p>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Integrity
and Competence Requirements</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Have high integrity, ability, knowledge,
experience compatible with its field of work and be able to communicate well;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Comply with the code of conduct established by
the Company;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">At least one member of the Audit Committee
must have the educational background and experience in finance, accounting and
auditing where the member concerned is assigned as finance and accounting
expert of the Audit Committee;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Must have the knowledge to read and understand
financial statements and the audit process;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Must understand the business of the company,
in particular services and business activities of the Issuer or Public Company,
the audit process, risk management and regulations on Capital Market as well as
other relevant legislations;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Continuously improve the competence through
education and training;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Aware and understand the function of the Audit
Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Accounting
and Financial Expert Requirements</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Understand and comprehend the Financial
Accounting Standards either in Indonesia and the United States;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Experienced in applying accounting standards,
in particular the ones that is related with accounting judgments and estimates,
actualization and establishment of reserves (of funds);</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Experienced in preparing and carrying out a
general audit of the financial statements;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Understand and comprehend the internal control
over financial reporting, including the audit process.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TOOOT></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TERM OF OFFICE
OF THE MEMBERS OF AUDIT COMMITTEE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015,
there were several changes in the composition of the Audit Committee. The first
change is in accordance with the resolution of the Board of Commissioners No.
02/KEP/DK/2015 dated February 2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015 which sets the composition of the Audit
Committee as follows: (i) Johnny Swandi Sjam (Chairman - Independent
Commissioner); (ii) Tjatur Purwadi (Secretary - external members who are not
affiliated); (iii) Virano Gazi Nasution (Member - Independent Commissioner);
(iv) Parikesit Suprapto (Member - Commissioner); and (v) Agus Yulianto
(independent and unaffilitated external member).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">With the
changes in the composition of the Board of Commissioners set out in the Annual
General Meeting of Shareholders on April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015, the composition of the
Audit Committee has also changed in accordance with the decision of the Board
of Commissioners No. 06/KEP/DK/2015 dated May 7 2015, and consists of: (i)
Rinaldi Firmansyah (Chairman - Independent Commissioner); (ii) Tjatur Purwadi
(Secretary - external members who are not affiliated); (iii) Parikesit Suprapto
(Member - Independent Commissioner); (iv) Dolfie Othniel Fredric Palit (Member
- Commissioner) and (v) Agus Yulianto (independent and unaffiliated external
member). In conformity with the provisions on Independence in the capital
market, Mr. Dolfie Othniel Fredric Palit is appointed as non-voting member.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In September 2015, Mr. Agus
Yulianto resigned from the Audit Committee, therefore through the decision of
the Board of Commissioner No. 10/KEP/DK/2015 of September 30</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015,
the composition of the Audit Committee is as follows:</font></p>

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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Membership</font></b></p>
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  </td>
 <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Chairman</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah (Independent
  Commissioner)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tjatur Purwadi (External and
  unaffilitated external member)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto (Independent
  Commissioner)</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit
  (Commissioner)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
following is a brief profile and the division of duties for each member of the
Audit Committee:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rinaldi
Firmansyah - Independent Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As the
Chairman of the Audit Committee, Rinaldi Firmansyah is responsible for
directing, coordinating and monitoring the execution of the duties of each
member of the Audit Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Tjatur
Purwadi - Secretary/Member</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Tjatur Purwadi
has become a member of the Audit Committee since March 1</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014
and is assigned to facilitate the execution of the duties of the Audit
Committee, correspondence, prepare documents, produce report changes of the
Audit Committee Charter, as well as coordinate the selection process of the
independent auditor. In accordance with the decision of the Board of Commissioner
No. 10/KEP/DK/2015 of September 30 2015, other than being the secretary of the
Committee, he is also appointed as the finance and accounting expert of the
Audit Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Before
becoming the secretary of Telkom&#8217;s Audit Committee, Tjatur Purwadi worked at PT
Telekomunikasi Indonesia, Tbk since 1979 until 2012. During his work in PT
Telkom Indonesia, Tbk, Tjatur Purwadi held several strategic positions of which
he served as Vice President (VP) - Financial and Logistics Policy and Head of
Internal Audit. After retiring from PT Telkom Indonesia, Tbk, he served as
Director - Assurance Team KAP Tanudiredja, Wibisana and Partners/PwC. He holds
a degree in Accounting from Gadjah Mada University and earned a Master's degree
in Management from Padjadjaran University.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit
Suprapto - Independent Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit
Suprapto is in charge of supervising and monitoring the corporate governance as
well as monitoring the capital market regulations and other legislation
relating to the Company's operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dolfie
Othniel Fredic Palit - Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">He is in
charge of supervising and monitoring the corporate governance and monitoring
the capital market regulations and other legislation relating to the Company's
operations and monitoring the Company's information technology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Virano
Gazi Nasution - Independent Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Virano Gazi
Nasution is tasked to supervise and monitor the Company's information
technology.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IOTMOAC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">INDEPENDENCE
OF THE MEMBERS OF AUDIT COMMITTEE </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation
of the Financial Services authority on the Audit Committee requires that the
Audit Committee consists&#160; of at least 3 (three) members, one of whom is an
Independent Commissioner who acts as chairman, while the other two members must
be independent, one of them should have expertise (in the context of Item 16A
of Form 20 F) in the field of accounting and/or finance. To fulfil the
independence requirements in accordance with the existing regulations in
Indonesia, an external member of the Audit Committee:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not be an executive officer of the
Public Accounting Firm that provides audit and/or non-audit services to the
Company within six months prior to his appointment as a member of the Audit
Committee;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not be a Telkom executive officer
within six months prior to his appointment as a member of the Audit Committee;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not to be affiliated with a majority
shareholder;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not have a family relationship with the
Board of Commissioners or Board of Directors;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not have, directly or indirectly,
shares in the Company; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Should not have any business relationship
relating to the Company's business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=EFTLRIT></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">EXEMPTIONS
FROM THE LISTING REQUIREMENTS IN THE UNITED STATES FOR THE AUDIT COMMITTEE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Law no.
40 Year 2007 regarding Limited Liability Companies does not require public
companies to establish an audit committee as required by the Listing Standards
of the New York Stock Exchange (&#8220;NYSE&#8221;). However, Regulation of the Financial
Services Authority (FSA) No. IX.I.5 and the Regulaton of Indonesia Stock
Exchange (IDX) No. 1-A requires the Board of Directors of a public company
listed in the Stock Exchange to establish an Audit Committee comprising at
least three members, one of whom is an Independent Commissioner who acts as
chairman of the Audit Committee, while the other two members must be
independent, and a minimum of one of them must have expertise in accounting
and/or finance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The NYSE
Listing Standards, which are established under Rule 10A-3 (c) (3) of the
Exchange Act, require a foreign private issuer whose shares are listed on the
NYSE to have an Audit Committee comprised of independent directors.
Nevertheless, based on the Rule 10A-3(c)(3), foreign private issuers may be
exempted from the independence requirements if (i) government or home country
stock exchange requires the Public Company to have the Audit Committee; (ii)
there is a separate Audit Committee from the Board of Directors that has
members from both inside and outside of the Board of Commissioners; (iii) Audit
Committee members are not elected by the management and there is no executive
officer in the company that acts as a member of the audit committee; (iv)
government or home country stock exchange requires that the Audit Committee
must be independent of the company&#8217;s management; and (v) the Audit Committee is
responsible for the appointment, retention and oversight of the work of
external auditors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom has
an Audit Committee consisting of 4 (four) members: 2 (two) Independent
Commissioners, 1 (one) Commissioner, and 1 (one) independent external members
who are not affiliated with Telkom.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Not all members of the Telkom&#8217;s Audit Committee are
independent directors as required in Rule 10A-3 under the Exchange Act. Telkom
refers to a general exemption under the Rule 10A-3(c)(3) on the composition of
the Audit Committee. We are confident that the reference on the general
exemption will not create the reverse impact materially on the ability of the
Audit Committee to act independently.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We also believe that the aim of restrictions that each
of the members of the Audit Committee is an independent director is to ensure
that the Audit Committee is independent from the influence of management and
would provide a separate forum from the management in which auditors and other
interested parties can conduct discussions in a straightforward manner.
Regulations of the Audit Committee issued by the OJK require that each member
of the Audit Committee must be independent. Regulation of the Audit Committee
issued by the OJK</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">also requires that at least two members of the Audit
Committee, the external independent members, are not only independent of the
management but also to the Board of Commissioners and the Board of Directors
and the Company as a whole. Therefore, we believe that the standard set out in
the regulation of the Audit Committee issued by the OJK</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">is quite
effective in ensuring the ability of the Audit Committee to act independently.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Aside from
the above, unlike the requirements set forth in the NYSE listing requirements,
based on the provisions applicable to the Audit Committee in Indonesia,
Telkom&#8217;s Audit Committee does not have direct responsibility for the
appointment, compensation and retention of external auditors. Telkom&#8217;s Audit
Committee can only recommend the appointment of an external auditor to the
Board of Commissioners, and the decision of Board of Commissioners is subject to
shareholders&#8217; approval.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=QOM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">QUALIFICATION OF MEMBERS OF THE COMMITTEE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Financial
Expert of the Audit Committee</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Board of
Commissioners has appointed Mr. Tjatur Purwadi, the secretary of the Audit
Committee, as a Financial and Accounting Expert of the Audit Committee as
described in Item 16A of Form 20-F, and as an &#8220;independent&#8221; member in
accordance with the provisions of Rule 10A-3 under the Exchange Act. Mr. Tjatur
Purwadi has been the secretary of the Audit Committee since March 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PAP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PRE-APPROVAL PROCEDURES AND POLICIES OF AUDIT
COMMITTEES</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom has
implemented pre-approval policies and procedures that require all non-audit
services given to the Public Accounting Office designated as the independent
auditor must first obtain the agreement of the Audit Committee. Based on the
Audit Committee Charter, non-audit services may be permitted to be done by the
independent auditor with the provisions: (i) the Board of Directors must convey
to the Audit Committee (through the Board of Commissioners) a description of
non-audit services to be done by the independent auditor; and (ii) Audit
Committee will decide if the proposed non-audit services will influence the
independence of the independent auditor or will cause conflict of interest or
will cause common interest.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Consistent
with Section 10(i)(B) from the Exchange Act paragraph (c) (7) (i) (C) and Rule
2-01 Regulation S-X which was issued based on said Law, the Audit Committee
Charter gives exception to the Pre-Approval requirements for non-audit services
which is permitted if (i) the total cost of non-audit services is not more than
five percent from the cost of audit paid for by Telkom to the independent
auditor during the accounting year when said services were given; (ii) the
proposed services are not considered as non-audit services when the
implementation agreement was signed. Besides the aforementioned two things,
non-audit services must be agreed upon beforehand by an Audit Committee member
who is granted the authority to give pre-approval from the Audit Committee or
directly by the Audit Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TAAR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TASKS AND RESPONSIBILITIES OF THE AUDIT
COMMITTEE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
Audit Committee Charter, the Audit Committee is mainly responsible for:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Supervising the auditing process and the
Company finances reporting process;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Providing recommendations to the Board of
Commissioners on the appointment of external auditors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Discussing with internal and external auditors
about all scope of work, including audit and non-audit work as well as their
audit plans;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Reviewing the Telkom consolidated financial
report as well as the effectiveness of internal control over financial
reporting (&#8220;ICOFR&#8221;);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Holding regular meetings with internal and
external auditors without the presence of management, to discuss evaluation
results and their audits as well as the quality of the Telkom financial report
as a whole;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Receiving and handling complaints; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">&#8226;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Conducting other tasks given by the Board of
Commissioners, particularly in fields related to accounting and finances, as
well as other obligations required under capital market regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit
Committee can appoint an independent consultant or a professional adviser to
assist in conducting its tasks.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=WM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">WORK MEETINGS /
MEETINGS ATTENDANCE</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Throughout 2015, the Audit Committee has held meetings
as many as 34 times. The meetings were held according to provisions in the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Audit
Committee Charter</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> with the purpose of facilitating the implementation of
tasks and responsibilities of every Audit Committee member. The number of
meetings and attendance levels are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Number of
Audit Committee Meetings Table</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of Meetings</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Attendance
  Percentage (%)</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah *</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">92</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny Swandi Sjam **</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi Nasution **</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">55</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tjatur Purwadi </font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">75</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.6pt;">
  <td valign=bottom width=50% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit
  ***</font></p>
  </td>
 <td valign=top width=1% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=bottom width=1% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">75</font></p>
  </td>
 <td valign=top width=1% style="height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.6pt;">
  <td valign=bottom width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Agus Yulianto ****</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">26</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">96</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.6pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">(*)&#160;&#160;
Starting May 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">(**)&#160; Until
March 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">(***)
Starting May 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">(****) Until
August 2015</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TIR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TASK IMPLEMENTATION REPORTS OF THE AUDIT
COMMITTEE IN 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
following is the activities report of the Audit Committee for the 2015
financial year:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Independent
Auditor and Auditor Independence</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015,
Telkom once again appointed KAP Purwantono, Suherman &amp; Surja which then in
2015 became KAP Purwantono, Sungkoro &amp; Surja, </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">member firm of </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ernst
&amp; Young Global Limited (&#8220;EY&#8221;) as independent auditor to conduct an </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">integrated
audit </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in accounting period 2015. The re-appointment of EY as independent
auditor was decided by the Board of Commissioners, in line with the decision of
the Annual General Meeting of Shareholders (RUPS) on April 17</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015
which delegated the authority to appoint the public accountant office to the
Board of Commissioners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit
Committee has reviewed and discussed with EY about the quality and
acceptability of the financial accounting standards implemented by the Company.
Based on the results of the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">integrated audit, </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">EY is responsible for
providing views on the proper presentation of the consolidated financial report
in accordance with financial accounting standards in Indonesia and the
International Financial Reporting Standard (IFRS) and views on the effectivity
of internal control over financial reporting in line with the criteria from the
Committee of Sponsoring Organizations of Treadway Commission (COSO).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The review
and discussion of the Audit Committee also relates to matters based on audit
standards on communications with the Audit Committee, standards from Public
Company Accounting Oversight Board (&#8220;PCAOB&#8221;), Financial Services Authority
(OJK) and US SEC regulations, as well as other applicable regulations, must be
discussed with the Audit Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In line with
PCAOB 3526 &#8211; </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Communication with Audit Committee Concerning Independence </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">regulations,
EY has conveyed a letter to the Audit Committee, which provided an elucidation
on all relations between EY and the Company that according to professional
consideration they consider to disrupt independence. The Audit Committee has
discussed with EY about the independence of the Public Accountant Office
concerning management and the Company by considering the influence of non-audit
services from the Public Accountant Office. Through said letter, EY has
confirmed that, according to their professional opinion, EY is independent from
the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Integrated
Audit</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee has analyzed the
management report on the evaluation of management regarding the effectiveness
of internal control on Company financial reporting and the EY report on the
effectiveness of internal control on financial reports. The Audit Committee has
also discussed </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">significant deficiencies </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(&#8220;SD&#8221;) identified during the
evaluation process and the auditing process with management and EY as well as
management plans to remediate internal control weaknesses on the financial
reports were not contained in SD of 2016.</font></p>

<p style="margin-bottom:6.0pt;margin-left:.2in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.2in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee has
also discussed with internal auditors of the Company and EY on their audit plan
and its entire scope. The Audit Committee has conducted meetings with internal
auditors and EY, without the presence of management, to discuss the results of
the examination and their evaluations on internal control on financial
reporting as well as the quality of Company financial reporting as a whole.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit
Committee has also reviewed and discussed the consolidated financial audit
report and notes on the consolidated financial audit report in the Annual
Report (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">FORM </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">20F) with Company management. This discussion includes
quality and acceptability of financial accounting standards applied by the
Company, the merit of significant accounting estimate and judgment and adequacy
of disclosure in the consolidated financial report. Management has confirmed to
the Audit Committee that the consolidated financial report: (i) is the
responsibility of management and was presented with integrity and objectivity;
and (ii) was presented in line with Indonesian financial accounting standards
and IFRS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
results of the discussions, the Audit Committee gave its recommendations to the
Board of Commissioners, and the Board of Commissioners agreed that the
consolidated financial auditing report and notes on the consolidated financial
report as well as the management evaluation on the Company&#8217;s effectiveness of
internal control over financial reporting will be included in the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Annual
Report on Form </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">20F which will be reported by the Company to the US SEC.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Whistlebower</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee has arranged a procedure
to receive and handle complaints related to accounting issues, internal control
and </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">auditing, </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">including procedures for keeping the anonymity of the
reporter, and anonymous complaints by employees according to Financial Services
Authority Regulation No.IX. 1.5 and </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Sarbanes-Oxley Act of </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2002 </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Section&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
301 on Public Company Audit Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></i><i><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, there were 3 complaints, which were
sent to the Whistleblower application, but after having been reviewed by the
Audit Committee, the said complaints did not fit the Whistleblower criteria.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></i><i><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In relations to company management risk, the
Audit Committee also supervises and monitors fraud risk and financial reporting
risks that might have material impact on financial reporting through Internal
Audit</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal
Auditor</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee reviews drafts of Annual
Audit and Non-Audit Work Program Internal Audit Unit (&#8220;IA&#8221;) year 2015 compiled
based on company risk level (Risk Based Approach Audit) before a decision by
Management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee has reviewed and discussed
the findings or international consultations including their recommendations
towards the IA Annual Work Program 2015 and has monitored Management follow-ups
based on the IA recommendations every quarter. In 2015, there were 480
recommendations by IA to the management and 340 have been followed-up,
meanwhile 140 recommendations are in the process of follow-up because a large
part of the recommendations were submitted by IA on the Fourth Quarter of 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit Committee has monitored findings
from the Audit Board of the Republic of Indonesia (&#8220;BPK&#8221;) in 2014 and
follow-ups have been done by Management. In 2014, BPK reported 14 findings by
submitting 52 recommendations to Management and 48 recommendations have been
followed-up while </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> recommendations have not. For the
2015 BPK audit, until the date on this report, BPK is still in the process of
auditing</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Pursuant to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
the limited review of the IA</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> unit</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, the Audit Committee monitored and supervised
financial reporting fraud and risks that may have a material effect on
Financial Statements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Partnership
Program and Community Development (&#8220;PKBL&#8221;)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Audit
Committee has reviewed and discussed with Management and EY about the PKBL
Financial Report of accounting year 2015 and the PKBL Implementation Compliance
Level Report on established regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Jakarta, March 28,
2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">/s/</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Rinaldi
Firmansyah</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Chairman of Audit
Committee)</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=NARC></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NOMINATION AND REMUNERATION COMMITTEE</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=NARCP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NOMINATION AND RENUMERATION COMMITTEE
PERSONNEL</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The list of
members of the Nomination and Remuneration Committee (KNR) in line with the
Decision of the Board of Commissioners No. 1/KEP/DK/2015 on February 2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015
as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini / </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">President </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ario Guntoro / Secretary of the
  Board of Commissioners</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto / Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Imam Apriyanto Putro /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto / Independent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny Swandi Sjam /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi Nasution /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">However, on November
3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015, in line with the Decision of the Board of Commissioners No.
11/KEP/DK/2015, there was a change in personnel, so that the membership of the
KNR became as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini / </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">President </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ario Guntoro / Secretary of the
  Board of Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto / Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono Darsasumarja /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati Pamela Johanna Waluyo
  / Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Furthermore,
to comply with the requirements OJK regulations of the Nomination and
Remuneration Committee No.34/POJK04/2014, then the BoC composition was changed
based on BoC Decree No.13/KEP/DK/2015 dated December 28, 2015 so that the
membership of the KNR became as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto /
  Independent Commissioner </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Ario Guntoro / Secretary of the
  Board of Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Members</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hendri Saparini / </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">President </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Commissioner&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto / Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono Darsasumarja /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rinaldi Firmansyah /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati Pamela Johanna Waluyo
  / Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">All
the members of KNR are from the Board of Commissioners. Number of Nomination
and Remuneration Committee meetings during 2015 as many as 29 times, 10 of them
Internal Meeting of the Board of Commissioners, while meeting approval in the
form of circulation as much as 19 times.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DOEKMD></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DESCRIPTION OF EACH KNR
MEMBERS&#8217; DUTIES</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hendri Saparini &#8211;
President/Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hendri Saparini is the President of the
Nomination and Remuneration Committee and is responsible for giving direction
and coordination of the implementation of Committee&#8217;s duties.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiyanto, Dolfie
Othniel Fredric Palit, Margiyono Darsasumarja &#8211; Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit Suprapto, Rinaldi Firmansyah,
Pamiyati Pamela Johanna Waluyo &#8211; Independent Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Members of the Committee and responsible for
coordinating inputs from other parties related to controlling shareholders on
nomination and remuneration issues.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ario Guntoro &#8211;
Secretary of the Board of Commissioners</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ario Guntoro is the Committee&#8217;s secretary who
is not a Committee Member, responsible for preparing and managing the
administration and documentation of the Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DUTIES AND RESPONSIBILITIES OF THE NOMINATION AND
REMUNERATION COMMITTEE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The duties
and responsibilities of the Nomination and Remuneration Committee are as
follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Nomination</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Develop policies,
criteria, and selection required for strategic positions within the Company,
namely the position one level below the Director and the Management (members of
the Board of Directors and members of the Board of Commissioners) of the
consolidated subsidiary, which refers to the principles of good corporate
governance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assisting the Board of
Commissioners together or consulting with the Board of Directors in selecting
candidates for strategic positions within the consolidated subsidiary Company
(members of the Board of Directors and members of the Board of Commissioners);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Giving recommendations to
the Board of Commissioners to be delivered to the Dwiwarna A series shareholder
regarding:</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The composition of positions of the members of
the Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Planning the succession of the members of the
Board of Directors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Making assessments based on established
benchmarks as evaluation material for the development of the members of the
Board of Directors&#8217; abilities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Provide recommendations to
the Board of Commissioners to be conveyed to the General Meeting of
Shareholders (RUPS) through the A Dwiwarna series shareholder about policies,
magnitude and/or structure of the remuneration of the Board of Directors and
Board of Commissioners;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Remuneration of the Board
of Directors and Board of Commissioners in the form of salary or honorarium,
allowances and facilities that are permanent in nature as well as variable
incentives.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Conduct reviews on
employment contract statements and/or the performance of each members of the
Board of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MAA></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MEETINGS AND ATTENDANCE OF THE NOMINATION AND
REMUNERATION COMMITTEE MEETINGS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In 2015, the
Nomination and Remuneration Committee has held 29 (twenty nine) meetings,
including 19 (nineteen) meetings in circulation for</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">m.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Table of
Meetings and Attendance of the Nomination and Remuneration Committee Meetings,
2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting
  Agenda</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 valign=bottom width=65% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January 7, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approval of
  Post-Retirement Payment (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.5in;">
  <td nowrap valign=top width=3% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February 22, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal regarding
  Changes to the Composition of the Committee, Progress on the Draft Decree of
  the Board of Commissioners regarding the Board of Commissioners Approval SOP,
  extension of the audit committee staff, closing target for the Integrated
  Audit</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=5% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting
  Agenda</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 valign=bottom width=65% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal regarding
  the Remuneration of the Company Board for 2015 (by a Consultant), Proposal
  regarding amendment to the Company&#8217;s AoA from Management</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 31, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Notification
  regarding the Termination of Duties of Mr. Salam (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 31, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Notification
  regarding the Termination of Duties of Mr. Sahat Pardede (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 2, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal for the
  fulfillment of strategic positions within Telkomsel</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 15, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Approval on the
  Appointment of the Head of the Internal Audit (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 17, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Remuneration of the
  Board of Directors and the Board of Commissioners for the 2015 Fiscal Year
  and 2014 Fiscal Year Reward (by way of Circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April 27, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Discussion on
  Telkom&#8217;s projects, Changes to the Audit Committee membership composition</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 29, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Payment of </font><i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Long
  Term Incentive (LTI)</font></i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> for PT Telkom Indonesia, Tbk. (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting
  Agenda</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 valign=bottom width=65% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 29, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Proposal regarding
  the Remuneration of the Board of Directors and Board of Commissioners for the
  2015 Fiscal Year and the 2014 Fiscal Year Reward (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July 14, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Payment of Reward
  for the Secretary of the Board of Commissioners for the 2014 Fiscal Year (by
  way of circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July 30, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Remuneration of the
  Board of Commissioners, adoption of the 2016-2020 CSS, disclosure of the
  Activities Report for the second quarter of 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 24, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Completion of the
  Audit Committee Membership</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 27, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Payment of Long
  Term Incentive &#8211; by way of circular</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">16</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 31, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Notification
  regarding the Termination of Duties of Mr. Agus Yulianto (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.5in;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 28, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board of Directors
  Duties Threshold Amendment Request, Joint Borrowing for PT Telkom Akses,
  Telkomsel Board of Commissioners Membership Change Proposal </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.5in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">18</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September 30, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Change of the Telkomsel
  Board of Commissioners (by way of circular) </font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting
  Agenda</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 valign=bottom width=66% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 1, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointment of PT
  Telkom Indonesia, Tbk Nomination and Remuneration Committee Staff in the
  Document Administration Division (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 1, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointment of PT
  Telkom Indonesia, Tbk Board of Commissioners Secretariat Staff in the field
  of Institutional Relations (by way of circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 21, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purchase of Shares
  in the Long Term Incentive Program, Satellite Insurance Proposal, Extension
  of Committee Staff</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">22</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 26, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Follow-up to the
  Long Term Incentive (LTI) &#8211; by way of circular</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 26, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Company Board
  Remuneration Survey Consultant for 2015 (by circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">24</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October 26, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance
  Assessment</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 30, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2016 RKAP, Board of
  Directors Threshold Amendment Proposal, Extension of Committee Staff</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">26</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 30, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointment of PT
  Telkom Indonesia Tbk Board of Commissioners Secretariat Staff for the Audit
  Committee Document Administration (by circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Meeting
  Agenda</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=19 valign=bottom width=65% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">HD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">DOFP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">MGD</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RF</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PJW</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">IAP</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">JSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">VGN</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December 8, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointment of PT
  Telkom Indonesia, Tbk KEMPR Staff (by circular)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td nowrap valign=top width=3% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">28</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December 8, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Appointment of PT
  Telkom Indonesia, Tbk KEMPR Secretary (by circular)</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=top width=3% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December 22, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Subsidiary company
  restructuring proposal, Staff Remuneration</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&#8730;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">N/A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 nowrap valign=top width=34% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Attendance</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">26</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">24</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 nowrap valign=top width=34% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of Meetings</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 nowrap valign=top width=34% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Board
  of Commissioners Attendance Rate</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">90%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">83%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88%</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">88%</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=ROTIW></a><font face="times new roman" lang=EN-US style="font-size:10.0pt;">REPORT
OF THE IMPLEMENTATION WORK OF THE NOMINATION AND REMUNERATION COMMITTEE IN 2015</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">This report is a form of
submission on tasks that have been performed by the Nomination and Remuneration
Committee throughout 2015. The report consists of changes to the membership of
the Committee, as well as nomination and remuneration reports in accordance
with the responsibilities snd authority of the Nomination and Remuneration
Committee of the Board of Commissioners of PT Telkom Tbk (Persero).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-27.0pt;"><b><font face="times new roman" lang=EN style="font-size:10.0pt;">1.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Committee
Membership Composition</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The composition
of the Nomination and Remuneration Committee based on the Charter of the BoC is
chaired by the Commissioner. The secretary of the Committee is held by the
Secretary of the Board of Commissioners, whose members include all members of the
Board of Commissioners, including the President Commissioner e. Throughout
2015, the membership composition of the Nomination and Remuneration Committee
has undergone 2 (two) changes as a follow-up to changes in the composition of
the Board of Commissioners, resulting from 2 (two) AGMS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The first change
was in accordance with the Decree of the Board of Commissioners No. 01/KEP/DK</font><font face="times new roman" lang=IN style="font-size:10.0pt;">/</font><font face="times new roman" lang=EN style="font-size:10.0pt;">2015,
with the following composition:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:27.0pt;width:96.76%;">
 <tr style="height:3.5pt;">
  <td valign=top width=15% style="height:3.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Chair/Member</font></p>
  </td>
 <td valign=top width=85% style="height:3.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Hendri Saparini/President
  Commissioner</font></p>
  </td>
 </tr>
<tr style="height:3.5pt;">
  <td valign=top width=15% style="height:3.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Secretary</font></p>
  </td>
 <td valign=top width=85% style="height:3.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Ario Guntoro/Secretary of the
  Board of Commissioners</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Members</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Hadiyanto/Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Imam Apriyanto
  Putra/Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Dolfie Othniel Fredric P</font><font face="times new roman" style="font-size:10.0pt;">al</font><font face="times new roman" lang=IN style="font-size:10.0pt;">it/Commissioner&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Parikesit
  Suprapto/Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Johnny Swandi Sjam/
  Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">: Virano Gazi Nasution/
  Independent Commissioner</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">This is a
follow-up to the AGMS dated &#160;December 19, 2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The second
change was in accordance with BoC Decree No. 11/KEP/DK/2015, with the following
composition:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:27.0pt;width:96.76%;">
 <tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Chair/Member</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">::
  Hendri Saparini/President Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Secretary</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">:&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> Ario
  Guntoro/Secretary of the Boar</font><font face="times new roman" style="font-size:10.0pt;">d&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> of Commissioners</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">Members</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">::
  Hadiyanto/Commissioners</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">:&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;">
  Dolfie Othniel Fredric Palit/Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">:&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;">
  Margiyono Darsasumadja/Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">: </font><font face="times new roman" lang=IN style="font-size:10.0pt;">Parikesit
  Suprapto/Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">:&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> Rinaldi
  Firmansyah/Independent Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=85% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">:</font><font face="times new roman" style="font-size:10.0pt;">:&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> P</font><font face="times new roman" style="font-size:10.0pt;">amiyati&nbsp;</font><font face="times new roman" lang=IN style="font-size:10.0pt;">
  Pamela Johanna Waluyo/Independent Commissioner</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Until now, there
has been no members from outside the Board of Commissioners.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The total number
of meetings of the Nomination and Remuneration Committee throughout 2015 is 29,
10 of which are Internal Meetings of the Board of Commissioners, with 19
meeting agreements in the form of circulars. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-27.0pt;"><b><font face="times new roman" lang=EN style="font-size:10.0pt;">2.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Nomination
Report</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Throughout 2015,
the Nomination and Remuneration Committee has completed 2 (two) nomination processess,
as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;text-indent:-22.5pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">a.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Proposing
the filling of Strategic Positions in PT Telkomsel </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">This proposal is
related to the replacement of one Telkomsel Commissioner as set forth in a
letter of the Board of Commissioners to the President Director of Telkom No.
051/SRT/Dk/2015 datedApril 2, 2015 regarding: the proposed filling of strategic
positions in PT Telkomsel.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;text-indent:-22.5pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">b.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Approval
of the Change in the Composition of the Board of Commissioners of PT Telkomsel.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">After undergoing
and internal meeting of the Board of Commissioners and Nomination and
Remuneration Committee on September 28, 2014, the Board of Commissioners issued
a letter to the Board of Directors of Telkom through letter no.
152/SRT/DK/2015/RHS dated September 30, 2015 regarding: Change in the
composition of the Board of Commissioners of PT. Telkomsel.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-27.0pt;"><b><font face="times new roman" lang=EN style="font-size:10.0pt;">3.</font></b><b><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Remuneration
Report</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">As for
remuneration, throughout 2015&#160; the Nomination and Remuneration Committee has
conducted 4 (four) remuneration activities, as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">a.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Remuneration
proposal for the Board of the Company to the Shareholder of Series A Shares
(the Minister of SOE) for the 2015 fiscal year and rewards for the 2014 fiscal
year pursuant to the letter of the Board of Commissioners No. 059/SRT/DK/2015
dated April 17, 2015 regarding: Remuneration for the Board of Directors and
Board of Commissioners for the 2015 fiscal year and rewards for the 2014 fiscal
year. This proposal was submitted pursuant to a study made by an independent
consultant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">This
proposal received the approval of the shareholder of Series-A shares, through
letter No. S-07/D3.MBU/ 06/2015 dated June 25, 2015. To follow-up, the Board of
Commissioners issued a letter to the President Director No. 101/SRT/DK/2015/RHS
dated June 29, 2015 regarding: Proposed Remuneration of the Board of
Commissioners for the 2015 fiscal year and reward for the 2014 fiscal year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">b.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Proposal
of 4 alternative implementations of the LTI on changes in the composition of
the Board of Commissioners. This proposal is reflected in the letter of the
Board of Commissioners to the Deputy Minister of SOE on Agro Industries and
Strategic Industries No. 081/SRT/DK/2015 dated May 29, 2015. Out of the four
proposals, one alternative was chosen, as contained in the letter of the Deputy
Minister of SOE for Mining, Strategic Industries and Media through letter No.
S-22/D3.MBU/08/2015 dated August 24, 2015 regarding: LTI payments for PT Telkom
Tbk (Persero).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">c.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">LTI
(Long Term Incentive) search Approval granted to Mr. Imam Apriyanto Putro, Mr.
Johnny Swandi Sjam and Mr. Virano Nasution upon receiving the letter from the
Deputy Minister of SOE as the shareholder of Series A shares through letter No.
S-22/D3.MBU/08/2015 dated August 24, 2015, upon which the Board of
Commissioners subsequently issued letter No. 128A/SRT/DK/2015 dated August 27, 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">d.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">The
execution of shares for the LTI vesting 1 program of 2014. Based on the
Nomination and Remuneration Committee meeting with a consultant on October 21, 2015,
the Telkom share purchase time for the LTI vesting 1 program was established,
as outlined in the letter of the Board of Commissioners No. 172/SRT/DK/2015/RHS
dated October 26, 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">Jakarta, March 28,
2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">/s/</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;">Parikesit Suprapto</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">(Chairman of
Nomination and Remuneration Committe)</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;"><font face=Cambria lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PAREAMC></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PLANNING AND RISK EVALUATION AND MONITORING COMMITTEE (KEMPR)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=KP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">KEMPR PERSONNEL</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
composition of KEMPR personnel from April 30</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014 to February 2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015
in line with the Decision of the Board of Commissioners No.09/KEP/DK/2014 is as
follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Secretary</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Widuri Meintari Kusumawati</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Member</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny Swandi Sjam</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi Nasution</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Imam Apriyanto Putro</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rustanto Hadimartono</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On February 2,
2015, changes were made to the composition of KEMPR membership through the
Decision of the Board of Commissioners No.03/KEP/DK/2015, so that the
membership of the KEMPR became as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Member</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Imam Apriyanto Putro</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny Swandi Sjam</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi Nasution</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=75% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rustanto Hadimartono</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On May 12</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015,
changes were once again made to the composition of KEMPR membership through the
Decision of the Board of Commissioners No.07/KEP/DK/2015, so that the
composition of KEMPR membership became as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Position</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Name</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">President / Member</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto / Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Member</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie Othniel Fredric Palit /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono Darsasumadja /
  Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit Suprapto /
  Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati Pamela Johanna Waluyo
  / Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=75% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rustanto Hadimartono</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BPKEMPR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BRIEF PROFILE OF KEMPR MEMBERS OTHER THAN THE BOARD OF COMMISSIONERS
MEMBERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rustanto
Hadimartono</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Before
joining KEMPR in early 2014, Rustanto hadimartono worked as a civil servant in
the Investment Coordinating Board (1983-1992). He then moved to the private
sector consecutively in Marathon Petroleum Indonesia, Ltd. (1992), PPT Rothmans
of Pall Mall Indonesia (1992-1994), PT Anwar Sierad, Tbk (1994-1997), PT
Drassindo Persada Utama (1997-1998), PT Satelit Palapa Indonesia (Satelindo
1998-2003) and PT Indosat, Tbk (2003-2009). In addition to that, since 1984 to
the present, he teaches at several private universities on law and public
policy. Rustanto Hadimartono gained a Bachelors&#8217; degree in law from Universitas
Diponegoro (1982), a Master of Laws in International Legal Studies (LL.M.) from
Washington College of Law &#8211; American University (1987) and a Doctorate in Law
from Universitas Katolik Parahyangan (2011).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DOTOEM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DESCRIPTION OF TASKS OF EACH MEMBER OF KEMPR</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiyanto &#8211;
Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiyanto is the chief of KEMPR and has the
responsibility of giving directions, coordinating, and monitoring tasks from
all members of the Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Dolfie Othniel Fredric
Palit &#8211; Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commissioner Dolfie Othniel Fredric Palit was
appointed as a KEMPR member based on the Decision of the Board of Commissioners
Number: 03/KEP/DK/2015 of February 2</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2015 and No.07/KEP/DK/2015 of May 12</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 on
Composition of Telkom Planning and Risk Evaluation and Monitoring Committee
Membership Composition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a member of KEMPR, Dolfie Othniel Fredric
Palit has the responsibility of supervising and monitoring the implementation
of RJPP/CSS, the implementation of RKAP, and the implementation of enterprise
risk management as well as the implementation of non-organic business growth
initiative.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Margiyono Darsasumadja
&#8211; Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commissioner Margiyono Darsasumadja was
appointed member of KEMPR based on the Decision of the Board of Commissioners
Number No.07/KEP/DK/2015 of May 12</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 on the Composition of Membership
of the Telkom Planning and Risk Evaluation and Monitoring Committee. As a
member of KEMPR, Margiyono Darsasumadja is responsible for supervising and
monitoring the implementation of RJPP/CSS, the implementation of RKAP, and the
implementation of enterprise risk management as well as the implementation of
non-organic business growth initiative.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Parikesit Suprapto &#8211;
Independent Commissioner</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a member of KEMPR, Parikesit Suprapto is
responsible for supervising and monitoring the implementation of RJPP/CSS, the
implementation of RKAP and the implementation of enterprise risk management as
well as the implementation of non-organic business growth initiative. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Pamiyati Pamela Johanna
Waluyo</font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> &#8211; Independent
Commisioner</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a member of KEMPR, Pamiyati Pamela Johanna
Waluyo is responsible for supervising and monitoring the implementation of
RJPP/CSS, the implementation of RKAP and the implementation of enterprise risk
management as well as the implementation of non-organic business growth
initiative.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rustanto Hadimartono</font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> &#8211; Member</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a member of KEMPR, Rustanto Hadimartono is
tasked with reviewing, evaluating, and/or reporting in the field of law,
compliance and risk-management in supporting the supervisory work of the Board
of Commissioners on Company management done by the Board of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DAROK></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DUTIES AND RESPONSIBILITIES OF KEMPR</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The scope of
duties of the KEMPR is to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Comprehensively evaluate
the Company Long Term Plan (&#8220;RJPP&#8221;) or CSS and the Company Activities Budget
Plan proposed by the Board of Directors;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Evaluate the
implementation of RJPP and RKAP so that they are in line with the targets of
the approved RJPP and RKAP by the Board of Commissioners; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Monitor the implementation
of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">enterprise risk </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">management within the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=MAAOTKM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">MEETINGS AND ATTENDANCE
OF THE KEMPR MEETINGS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the
KEMPR has held 11</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Committee meetings.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Table of
Meetings and Meetings Attendance of the Risk Planning Evaluation and Monitoring
Committee, 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td rowspan=2 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Nama</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number of Meetings</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Attendance</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Perecentage of Attendance (%)</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">CSS</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">RKAP/Capex</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Certain Actions</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">82</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dolfie
  Othniel F.P</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">82</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Parikesit
  Suprapto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">91</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Margiyono
  D.S*</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">83</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Pamiyati
  Pamela J.W*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">83</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Virano Gazi
  Nasution**</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Johnny
  Swandi Sjam**</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Imam
  Apriyanto Putro**</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">75</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Rustanto
  Hadimartono</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Note :</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">*Starting
from May 12, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">**As of April
21, 2015</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=ROKDI></a><font face="times new roman" lang=EN-US style="font-size:10.0pt;">REPORT
OF KEMPR DUTIES IMPLEMENTATION IN 2015</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Throughout
2015, KEMPR has supervised and monitored the implementation of the current CSS,
the implementation of the 2015 RKAP in 2015, the implementation of the capital
expenditure budget (capex) in the 2015 RKAP, analysis of investments in
subsidiaries and the implementation of enterprise risk management. In addition,
KEMPR has also evaluated the proposed CSS for 2016-2020, the proposed RKAP for
2016, as well as other tasks given by the Board of Commissioners.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The
activities of the Evaluation, Monitoring and Risk Planning Committee in 2015,
include:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-31.5pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Corporate
Strategic Scenario (&quot;CSS&quot;)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">KEMPR monitors
the implementation of the RJPP/CSS for the period of 2015-2019, particularly,
in relation to the current year and the evaluation of the proposed CSS for the
period of 2016-2020 that serves as the basis for the development of the 2016
Corporate Annual Message (&quot;CAM&quot;) dan the 2016 RKAP. In accordance
with the periodal strategy updates of the RJPP, the CSS for the period of
2016-2020 CSS is an update of the CSS for the 2015-2019 period. From the
studies conducted, in order to implement the 2016-2020 CSS, a comprehensive
transformation strategy and strong leadership is required in order to achieve
the expected outcomes. The transformation of the organization in accordance
with the 2016-2020 CSS led to the improvement of the synergy and parenting
model between Telkom and its subsidiaries.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-31.5pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Annual
Business Budget Plan</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">In carrying out
the 2015 RKAP, the Board of Commissioners directs the Board of Directors to
seek concrete measures in anticipating the decline in profit growth, mainly by
way of cost transformation, increasing sales in order to be in line with the
capex deployment, customer/user retention, the use of digital channels for the
consumer segment, and revenue assurance. As for the 2016 RKAP, the Board of
Commissioners also provides strategic directives, which includes, among others:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:53.5pt;text-align:justify;text-indent:-22.0pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">a.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Prioritizing
and improving the synergy and coordination within Telkom Group;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:53.5pt;text-align:justify;text-indent:-22.0pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Realizing
Telkom's commitment to increase the share of local content through the use of
goods and services in Telkom Group&#8217;s investment, business and operational
activities;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:53.5pt;text-align:justify;text-indent:-22.0pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">c.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Conducting
mentoring and consultancy to accelerate the readiness of domestic products to
be used in Telkom Group&#8217;s investment, business, and operational activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:53.5pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">KEMPR&#8217;s focus in
monitoring the implementation of the 2015 RKAP include the monitoring of the
2015 RKAP&#8217;s realization. In order to obtain more optimal monitoring results,
KEMPR, together with the Board of Commissioners conduct several field visits to
monitor the progress of the implementation of the RKAP. The field visits tha
have been conducted jointly by KEMPR and the Board of Commissioners in 2015
include performance monitoring visits to the regional working units in Central
Java and Yogyakarta, Sumatra, West Java. Further, field visits to review the
deployment of optic directly by Telkom Asccess have also been conducted in
Balikpapan, Medan, and Surabaya; as well as the construction of
telecommunication towers by Mitratel in Banjarmasin and Manado.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-31.5pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Enterprise
Risk Management</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">KEMPR is tasked
with monitoring the implementation of ERM in 2015, including the handling of
risks that have a significant impact on the 2015 RKAP. During the 2015
monitoring period, several important risk issues arise, namely the risk of
competition, risks of uncertainty in inorganic initiatives, project management
weaknesses, and the risk of new business development.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-31.5pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="times new roman" lang=EN style="font-size:10.0pt;">Board
of Directors measures requiring the approval of the Board of Commissioners</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Throughout 2015,
KEMPR conducted a review on the actions of the Board of Directors that require
the approval of the Board of Commissioners, that includes, among others:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-13.65pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">a.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Capital
expenditure budget release permit for the first quarter of 2015;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-13.65pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">b.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Additional
investment at Telkom Metra for funding the start-up busines</font><font face="times new roman" lang=IN style="font-size:10.0pt;">s</font><font face="times new roman" lang=EN style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-13.65pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">c.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Transfer
of treasury stock resulting from share buyback III;</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-13.65pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">d.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Approval
of the 2016-2020 corporate strategic scenario;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-13.65pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">e.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN style="font-size:10.0pt;">Capital
expenditure approval for the Satellite project;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">In carrying out its duties in
2015, KEMPR has generated several reports and studies (evaluations), with the
following details:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:4.5pt;">
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">CSS</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">RKAP</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">Capex</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">Risk/Legal</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">Certain
  Action</font></b></p>
  </td>
 <td valign=top width=1% style="height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td valign=top width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">Output</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Jakarta, March 28,
2016</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">/s/</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Hadiyanto</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Chairman of KEMPR)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CSIR></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CORPORATE SECRETARY/INVESTOR RELATIONS (&#8220;IR&#8221;)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
Corporate Secretary plays an important role in facilitating communication among
the organs of the company, establishing relationships between the company and
shareholders, Financial Services Authority, and other Stakeholders, as well as
ensuring the compliance of the Company with rules and regulations in the
Capital Market.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=FCS></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">FUNCTION CORPORATE SECRETARY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">According to
the GCG Telkom Guidelines, the Function of the Corporate Secretary includes:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Synergy among related
units for socialization, implementation, monitoring, reviewing the GCG.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Synergy among related
units including with Subsidiaries for socialization, implementation,
monitoring, and reviewing the implementation of the GCG.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assist the Board of
Directors in a variety of activities, information, and documentation, among
others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Creating a List of Shareholders;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Attend Board of Directors Meetings and make a minute
of meeting;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="courier new" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Organizing the implementation of the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Prepare and communicate
information that is accurate, complete, and timely about the performance and
prospects of the Company to stakeholders</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Publish Company
information in a tactical, strategic, and timely way.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=DAR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DUTIES AND RESPONSIBILITIES OF CORPORATE
SECRETARY</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Organizing the GMS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Attend Board of Directors
meetings and joint meetings between the Board of Commissioners and Board of
Directors</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Manage and store documents
related to activities of the Company including GMS documents, minutes of
meetings of the Board of Directors, minutes of joint meetings between the Board
of Directors and the Board of Commissioners, and other important company
documents.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Determine the criteria
regarding the type and content of information that can be presented to the
stakeholders, including information that can be delivered as a public document.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CSO></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CORPORATE SECRETARY OFFICER</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom has
appointed a Vice President (&quot;VP&quot;) of Investor Relations who
simultaneously carries out the duties and functions of the Corporate Secretary
in accordance with FSA </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(OJK)&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Regulation Number 35/POJK.04/ 2014 regarding
Corporate Secretary of Issuers or Public Companies. The Investor Relations
officer is responsible for preparing the presentation of information between
the Company and the Shareholders in accordance with the specified rules in
relationship management, as well as maintaining systematic feedback mechanisms
to the management to be able to respond to the dynamics of the shareholders and
the capital market on an ongoing basis, effectively, and efficiently.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=POCSO></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PROFILE OF CORPORATE SECRETARY OFFICER</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">VP Investor
Relations is chaired by Andi Setiawan who joined Telkom Group as GM Investor
Relations at PT Telekomunikasi Selular in January 2014. On March 4, 2015, he
was appointed as VP Investor Relations (Corporate Secretary) PT Telkom
Indonesia Tbk. He previously worked at PT Pemeringkat Efek Indonesia (2004) as
a Corporate Rating Analyst, then joined PT Bakrieland Development Tbk as
Corporate Secretary Manager (2007), and subsequently worked in PT Summarecon
Agung Tbk as Manager of Investor Relations (2010). He graduated from
Universitas Indonesia with a Bachelor&#8217;s degree in Financial Management.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CSCE></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CORPORATE SECRETARY COMPETENCE ENHANCEMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In order to
develop the competence of the Corporate Secretary, we have participated in
various training and socialization events organized by various institutions</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NAME
  OF TRAINING</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">LOCATION</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ORGANIZER</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">DATE</font></b></p>
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 <td nowrap width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Euromoney Seminars Asia</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">September 22</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;line-height:normal;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">orporate Report &#8211; Key Success to Develop an
  Integrated Corporate Report</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Tangerang</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Bostonprice Asia</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November 18</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Capital Market Regulation &#8211;
  Legal and Governance Compliance </font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=32% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiputranto, Hadinoto &amp;
  Partners</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">November 20</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IR Magazine Awards &amp;
  Conference - South East Asia 2015</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Singapore</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=32% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BNY Mellon</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">December 4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Protection of Personal Data in Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Data Protection in Asia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Foreign Corrupt Practice Act, Corporate
  Compliance and Selected 20-F and other Matters</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=7% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Hadiputranto, Hadinoto &amp;
  Partners dan Baker McKenzie</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap width=9% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Desember 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=ICS></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">INTERNAL CONTROL SYSTEM</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=FAOC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">FINANCIAL AND OPERATIONAL CONTROL</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Management conducted an evaluation on the
effectiveness of the company's disclosure controls and procedures u</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">nder the supervision and with the
participation of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the management,
including the President Director, which is of the same level as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Chief Executive Officer </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(&#8220;CEO&#8221;) </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">and
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Finance Director, which is of the same
level as </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Chief Financial Officer</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (&#8220;CFO&#8221;)</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">). </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Based on this evaluation, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> C</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">EO&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and C</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">FO&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> have
concluded that, as of December 31, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">5, our </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ompany&#8217;s disclosure controls and procedures
were effective. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">isclosure controls and procedures </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">conducted by management </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">include controls and procedures </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">that&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> are
designed to ensure that information required to be disclosed in reports filed
or submitted under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC&#8217;s rules and forms, and
that such information is accumulated and communicated to our management,
including the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CEO and CFO</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, as appropriate, to allow timely decisions
regarding required disclosure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=C></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">COMPLIANCE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Compliance
is managed by the Legal &amp; Compliance unit under the Department of Corporate
Secretary. This unit seeks to ensure that the policies, decisions and all of
the company's business activities conducted in accordance with the provisions
of the applicable laws and regulations, both internal and external. We
proactively run a compliance policy at the business unit level and the
transactional level. Some compliance activities carried out in 2015 include:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.0pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Supporting business
activity by providing legal advice through the delivery of legal review (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">legal
opinion</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) on the management action plan and the problems that occur related
to compliance with laws or regulations (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">legal advisory</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.0pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Supporting company
business activity / transactional by conducting a review of every draft
agreement / contract (procurement and non-procurement) by ensuring in advance
that the procurement procedures or partnerships already comply with procurement
procedures / partnership established by the company and external regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.0pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Conduct evaluation studies
(</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">legal review</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) on business initiatives plans, policies and plans of
cooperation that will be carried out by the Company (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">legal review of
business and policy initiatives</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-24.0pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Settlement of litigation
and non-litigation cases (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Litigation</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=EOTE></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">EVALUATION ON
THE EFFECTIVENESS OF INTENAL CONTROL</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Management Report
on Internal Control over Financial Reporting</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The Company's Management is responsible for </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">establishing&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and maintaining adequate internal control over financial reporting, as
such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
internal control over financial reporting is a process designed by, or under
the supervision of, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the CEO</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and C</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">FO</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, and e</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">x</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ec</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">u</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ted by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the B</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">oard of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">irectors, management and other personnel, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">onsolidated Financial Statements for external
purposes in accordance with generally accepted accounting principles</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and
includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Company</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">consolidated&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> financial statements in accordance with
generally accepted accounting principles</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and that receipt</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and
expenditures of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Company are being made only in accordance with
authorizations of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the Company&#8217;s </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">management and </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Board of D</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">irectors</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and
(3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Company&#8217;s assets that
could have a material effect on the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">C</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">onsolidated </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">F</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">inancial </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">S</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">tatements.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Because of its inherent limitation</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,
internal control over financial reporting may not prevent or detect </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">all </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">misstatements.
Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that control</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures
may deteriorate</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">
management ha</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> assessed the effectiveness of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the c</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ompany&#8217;s
internal control over financial reporting as of December 31, 201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. In
making this assessment </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> management used the criteria set forth in
Internal Control &#8211; Integrated Framework issued by the Committee of Sponsoring </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">O</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">rganizations
of the Treadway </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Commission </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">(&#8220;COSO&#8221;). Based on this assessment, management
concluded that as of December 31, 2015, our internal control over financial
reporting was effective.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Attestation
Report of the Registered Public Accounting Firm</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The effectiveness of our internal control over
financial reporting as of December 31, 2015 has been audited by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">KAP Purwantono, Su</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ngkoro &amp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Surja (previously
Purwantono, Suherman &amp; Surja)</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,
an independent registered public accounting firm, as stated in their report
which appears on </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the Consolidated
Financial Statements</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Changes
in Internal Control over Financial Reporting</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">There have been no significant changes in our
Company&#8217;s internal control over financial reporting during the most recently
completed fiscal year that would materially affect or are reasonably likely to
materially affect, our Company&#8217;s internal control over financial reporting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;">We are</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;"> committed to continual improvements in internal control
processes, and will continue to review and monitor the control over financial
reporting and its procedures in order to ensure compliance with the
requirements of Sarbanes-Oxley Act and related regulations as stipulated by
COSO. </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;">We&nbsp;</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;">
will also continue to assign significant company resources from time to time to
improve its internal control over financial reporting.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IAU></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">INTERNAL AUDIT UNIT</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SAPOTIAU></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">STRUCTURE AND POSITION
OF THE INTERNAL AUDIT UNIT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As set forth
in the applicable capital market regulations, IA is a unit that is independent
of other work units and is directly responsible to the President Director.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Below is a chart of the organizational structure of
the Telkom Internal Audit.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IAC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">INTERNAL AUDIT CHARTER</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom IA
unit has been equipped with the Internal Audit Charter as a formal company
document, which contains a description of the vision, mission, structure,
status, tasks, responsibilities and authority of the IA, including requirements
for IA auditor personnel. The drafting of the Internal Audit Charter is guided
by international standards for the practice of the internal auditing profession
issued by the Institute of Internal Auditors (&quot;IIA&quot;), and has been
approved by the President Director and the Audit Committee of the Board of Directors
based on decision No.Tel. 09/PW 000/UTA/COP-C0000000/2015 regarding the
Internal Audit Charter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=VMTAROIA></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">VISION, MISSION, TASKS AND RESPONSIBILITIES OF
INTERNAL AUDIT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Vision</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a
&quot;Smart Partner&quot; for Management, Business Unit/work Unit and
subsidiaries in order to achieve the Company's objectives as well as a driving
force for the whole range of the Company and its subsidiaries in order to
create a culture of discipline in implementing all provisions of the applicable
legislation/policy/regulations/procedures/business processes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Mission</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Provide services and internal audit consulting
in a professional, objective and independent manner for Management, Business
Unit/work Unit, and subsidiaries.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Provide assurance on the suitability of
financial reporting.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Actively guarding the implementation of
internal control, providing support in raising GCG implementation, and
evaluating the implementation of risk management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
aforementioned Vision and Mission of the IA is applied in the form of IA
activities that are organized in a systematic and measured manner, and in
accordance with the applicable standards ranging from preparation,
implementation and monitoring of the follow-up results. To this end, during the
audit preparation phase, risk-based audit methodology is the main guideline
which emphasizes that determining the proper audit unit (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">auditable</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) is
based on the level of risk; the higher the risk, the higher the need for
auditing. The risk level of the audit object (</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">auditor</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) is based on the
risks that have been mapped and determined by the Company as well as the
professional assessment by the IA itself.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Duties
And Responsibilities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
risk-based audit paradigm, in carrying out its duties and responsibilities,
have used the IA Audit Management System (AMS), which is an application system
for documenting the implementation of risk-based audits online.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Increasing
the role of IA is done by improving quality assurance for the company's
operations through audit and non-audit activities. Audits are conducted to
ensure that business risks that may occur can be addressed through effective
internal controls. If deficiencies are found in the control of a business
process and/or the risk of spiraling out of control, then a </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">substantive test</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
is conducted, namely a further testing of the audit object in order to explore
root causes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Moreover, as
a consequence of listing of shares on the Indonesian Stock Exchange (BEI) and </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">the
New York Stock Exchange (NYSE</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">), IA periodically carries out tests and
audits of the effectiveness and adequacy of internal controls in the context of
financial reporting in accordance with </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal Control over Financial
Reporting</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (ICOFR) standards. In order to support the implementation of the
audit and develop awareness towards the importance of internal control for the
business units, each quarter, the business unit perform </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Control Self
Assessment (CSA)</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to the internal controls for which it is responsible.
Periodically, IA evaluates the CSA results to measure their adequacy and make
recommendations for improvement both for design and implementation.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The next
stage is to participate in the activities of internal consulting services.
Internal consulting services is focused on, among others, Company operations that
can be grouped into infrastructure management (production equipment), products
and services as well as supporting operations, including the identification of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Group
Financial Reporting Risk</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">/GFRR, the preparation of business processes of
subsidiaries and HR management. This internal consulting activity is more of a
preventive solution to anticipate that business operations continue in the
right direction and heed applicable regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As part of
the Company with a high commitment to the success of GCG, IA has an important
role in the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">whistleblower&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> mechanism which is the purview of the Audit
Committee and the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Executive Investigative Committee</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (EIC), where the
head of IA is appointed as secretary of the EIC. The </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">whistleblower&nbsp;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
mechanism functions to accommodate every 'complaints' by employees to be
forwarded to the management. In turn, if the Audit Committee and EIC deem that
the complaint needs to be investigated further, IA will take the role to
follow-up as part of the duties of audit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The results
of such activities are reported to the President Director with copies forwarded
to the Audit Committee and then the results will be communicated to the audit
object to be followed up and rectified.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To ensure
that the object of the audit has provided a sufficient response on the results
of the audit and internal consultation, it is necessary to conduct further
monitoring. Follow-ups on the ground are conducted by the audit object which is
then monitored by the IA. In this regard, a follow-up is limited to areas of
significant business processes with a mutually-agreed settlement time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IIAU></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">INDEPENDENCE INTERNAL AUDIT UNIT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As set forth
in the applicable capital market regulations, namely Bapepam-LK regulation No.
XI.2.7, the Internal Audit is an independent unit from other work units and is
directly responsible to the President Director. Telkom's head of Internal Audit
is appointed and dismissed by the President Director with the approval of the
Board of Commissioners. One of the implementation of the independence of the
Internal Audit Unit in Telkom is the Internal Audit Report sent to the
President Director and copied to the Audit Committee (Board of Commissioners).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TAPANOTC></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">THE APPOINTMENT
PROCEDURE AND NAME OF THE CHAIRMAN OF THE INTERNAL AUDIT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Internal
Audit (IA) Unit plays a role in exercising control over the Company's business
activities. The IA is headed by a Senior Vice President of Internal Audit (SVP
Internal Audit), who is appointed and dismissed by the President Director with
the approval of the Board of Commissioners. As of December 31, 2015, the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal
Audit SVP</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> is held by </font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Harry Suseno Hadisoebroto.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=BPOTH></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BRIEF PROFILE OF THE HEAD OF INTERNAL AUDIT
UNIT </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Harry
Suseno Hadisoebroto</font></b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> served as
Internal Audit SVP since July 1, 2015 and was appointed by a Resolution signed
by the President Director. Since 1992 has worked at Telkom and its subsidiaries
and has 11 years of professional experience in various positions at management
level. He previously served as Internal Audit Telkomsel VP since May 1, 2014
until June 30, 2015. He has been Internal Audit VP at Telkom from April 1</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2011
until April 30, 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=NOP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NUMBER OF PERSONNEL OF INTERNAL AUDIT UNIT </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">At the end
of 2015, the number of personnel in the IA unit numbered 4</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">9&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
people. Based education, the personnel of the Internal Audit are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=top width=60% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Education</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">%</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">High School</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2.0</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">D2</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6.2</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">D3</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2.0</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">S1 (Undergraduate)</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">30</font></p>
  </td>
 <td valign=bottom width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">61.2</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
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<tr style="height:.1in;">
  <td valign=top width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">S2 (Graduate)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">28.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
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<tr style="height:.1in;">
  <td valign=top width=60% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">100</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=Q></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">QUALIFICATION/PROFESSIONAL CERTIFICATION</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To maintain
and improve auditors who have sufficient competence both in quality and
quantity to be able to act in accordance with the scope of activities of IA in
guarding the business development of the Company, IA continues to strive in:</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.75pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">involve the IA auditor in
training, seminars and workshops of a technical nature; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.75pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">engage the IA auditor in
both local and international certified sustainable learning.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Currently,
the number of auditors who already have national certification is eight people
with </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Qualified Internal Auditor</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (&#8220;QIA&#8221;) certificates and six people with
international certificates, one person with a </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Certified Fraud Examiner</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(&#8220;CFE&#8221;) certificate, two people with </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Certified Information Systems Audit</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(&#8220;CISA&#8221;) certificates, one person with a </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Certified Risk Management Audit</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(&#8220;CRMA&#8221;) certificate, one person with a </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Certified Management Audit</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(&#8220;CMA&#8221;) certificate, and one person a </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Certified Behavior Consultant</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
(&#8220;CBC&#8221;) certificate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=inherit lang=EN style="font-size:10.0pt;line-height:normal;">Currently the number of auditors who have been certified auditor both
nationally and internationally , with details as follows</font><font face=inherit lang=IN style="font-size:10.0pt;line-height:normal;"> :</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=inherit lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Type Certificate</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Amount</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Qualified
  Internal Auditor (QIA)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Certified
  Fraud Examiner (CFE)</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Certified
  Information System Audit (CISA)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Certified
  Management Accountant (CMA)</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Certified
  Behavior Consultant (CBC)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=75% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ISO
  27001 Lead Auditor</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=inherit lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=inherit lang=EN-US style="font-size:10.0pt;">During 2015, the internal audit unit actively paticipate
its auditor in the preparation of international certification such as </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Certified Information Systems Audit</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> (&#8220;CISA&#8221;) and </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Certified Internal Auditor</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
(&#8220;CIA&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=inherit lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TIAAIPO></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TELKOM INTERNAL AUDIT
ACTIVE IN PROFESSIONAL ORGANIZATIONS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom Internal Audit is actively involved in the
activities of the Communication Forum of Internal Control Unit
(&quot;FKSPI&quot;) Indonesia. This forum was formed to be the vehicle for improving
the quality of supervision and establish professional auditors with
international standards. FKSPI members consist of State-Owned Enterprises
Internal Audit Unit, Regionally-Owned Enterprises, universities and private
companies. FKSPI routinely organizes seminars and workshops to improve the
competence of its members.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As many as
nine (9) Telkom Internal Audit personnel became members of the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Institute of
Internal Auditors</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (IIA). This membership, as part of the Telkom Internal
Audit, is always updated with scientific developments in the field of auditing
and assurance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AACAI></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AUDIT AND CONSULTING ACTIVITY IN 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In
accordance with the Internal Audit Annual Work Plan, in the period 2015, the IA
Unit implemented 45 audit objects and consultations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sub Unit</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Q-I</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Q-II</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Q-III</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Q-IV</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">YEAR
  2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Enterprise
  Management Audit</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Infrastructure
  &amp; Operation Audit</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Support
  &amp; Subsidiary Audit</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Total IA</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">14</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">11</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">45</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Until
December 31, 2015, Internal Audit has completed 45 Audit/consultations and
produced 481 recommendations, with details as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sub
  Unit</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  of</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Recommendations</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Follow-up
  Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Closed</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Open</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Enterprise
  Management Audit</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">140</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">72</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">68</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Infrastructure
  &amp; Operation Audit</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">252</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">207</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">45</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Support
  &amp; Subsidiary Audit</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">89</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">74</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=50% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Total IA</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">481</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">353</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">128</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><a name=IAT></a><font face="times new roman" lang=EN-US style="font-size:10.0pt;">INTERNAL AUDIT
TRAINING</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">The training followed by Internal Audit
in 2015 is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">Program</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">Number of
  Participant</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">Number of Day</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">Sertification Training</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">Operational Training</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">52</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">19</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=60% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">Competency Enhacement Training</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">34</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">28</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=EU></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">EXTERNAL AUDIT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">In line with existing procedures and
taking into consideration the independence and qualifications of independent
auditors, </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">at </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">our
AGMS on </font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">April 17</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">, 201</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">5 we </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">appointed
KAP Purwantono, Suherman &amp; Surja (a member firm of Ernst &amp; Young Global
Limited) a registered KAP with OJK, to perform the audit on our Consolidated
Financial Statements for the fiscal year ended December 3</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">1, 2015</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;"> and on the
effectiveness of internal control on Financial Reporting as of December 31,201</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">5</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">.
The fee for the audit on the Consolidated Financial Statements for fiscal year
201</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">5&nbsp;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;"> was
agreed at Rp3</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">4.4 </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">billion
(excluding VAT). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Based on Bapepam-LK No.VIII.A.2. on the
Independence of Accountant Providing Audit Services in Capital Markets noted
that the provision of services of general audit of the client's financial
statements can only be done by a public accounting firm for as long as 6 (six)
financial years in a row and by an accountant no later than 3 (three) fiscal
years in a row. KAP Purwantono, Suherman &amp; Surja is a public accountant
firm since 2012. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">In 2015, company's public accountant firm
is Purwantono, Sungkoro &amp; Surja (previously Purwantono, Suherman &amp;
Surja). Accountant who signed the Independent Auditors' Report for Fiscal Year
2015 was Hari Purwantono. KAP Purwantono, Sungkoro &amp; Surja was also
appointed to audit the Effectiveness of Internal Control over Financial
Reporting financial year of 2015 and audit the use of funds of the Partnership
and Community Development (&quot;</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">PKBL</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">&quot;) in fiscal year 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">P</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ublic accounting firm that has audited Financial Statements of the
Company for the last 5 years</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, are as
follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr style="height:15.45pt;">
  <td nowrap width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Years</font></b></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap width=40% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Public
  Accounting Firm</font></b></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Public
  Account</font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ant&nbsp;</font></b></p>
  </td>
 <td width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Fee</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">(Rp
  </font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">million</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:15.45pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=40% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purwantono,
  Sungkoro &amp; Surja</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Drs.Hari
  Purwantono</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">34,400</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2014</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=40% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purwantono,
  Suherman &amp; Surja</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Drs.Hari
  Purwantono</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">31,500</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2013</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=40% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purwantono,
  Suherman &amp; Surja</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Drs.Hari
  Purwantono</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">28,240</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2012</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=40% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Purwantono,
  Suherman &amp; Surja</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Drs.Hari
  Purwantono</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">26,619</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=40% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Tanudiredja,
  Wibisana &amp; Rekan</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Chrisna
  A.Wardhana, CPA</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">40,503</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fees
and Services of the External Auditor</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.25pt;line-height:normal;">The following table summarizes the
fees for audit service in 2013</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;line-height:normal;">,&nbsp;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.25pt;line-height:normal;">
2014</font><font color=windowtext face="times new roman" lang=IN style="font-size:10.0pt;letter-spacing:.25pt;line-height:normal;"> and </font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.25pt;line-height:normal;">2015:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=50% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">For Years Ended on Desember 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013 (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014 (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015 (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Audit Fee</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 28,240</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">31,500</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34,400</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">All Other Fees</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 340</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;"> 370</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ABO></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">AUDIT BY OTHERS EXTERNAL AUDIT INSTITUTIONS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, in
addition to the audit by the Public Accounting Firm (KAP), Auditors from the
Audit Board of the Republic of Indonesia (BPK) audited Telkom&#8217;s Income and
Expenses. This audit further increased the &quot;</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">control awareness</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&quot;
of Telkom's management in the procurement process of goods and services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=RM></a><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">RISK MANAGEMENT</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IORM></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IMPLEMENTATION
OF RISK MANAGEMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk
management is important in the communication business because it has a wide
scope that requires a large investment with a high degree of competition.
Implementation of the risk management system is further strengthened by the
Regulation of the Minister of State-Owned Enterprises No. 1 of 2011 which
requires Telkom to conduct risk management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
its implementation, risk management is done in a systematic, structured </font><font color=windowtext face="times new roman" lang=EN style="font-size:10.0pt;line-height:normal;">and
applied in all
parts of the Company</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. Risk management is
applied to minimize all possible risks that could negatively impact on the
achievement of Company targets.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face=Times-Roman lang=EN-US style="font-size:8.0pt;line-height:normal;">Table of
Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk
Management Development Milestone</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Since 2006,
we have applied a risk management framework that refers to the COSO </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enterprise
Risk Management</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (ERM) as stipulated in Decision of the Board of Directors
Number. 16 of 2006 on Corporate Risk Management (Telkom </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk Management</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">).
The policy was amended by the Board of Directors&#8217; Regulation
No.PD.614.00/r.00/HK.200/COP-D0030000/2015 of September 30, 2015 on Company
Risk Management (Telkom Enterprise Risk Management).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The
implementation of risk management at Telkom in 2006 started with the
establishment of the Legal Unit of Risk Management &amp; Compliance (RMLC)
under the coordination of the Executive Vice President (EVP). Furthermore, the
Directorate of Compliance &amp; Risk Management (CRM), under the control of the
Director of the CRM, was created in 2007. With an improved level of awareness
of risk management and greater business challenges in 2013, the function of
risk management was formed by the Department of Compliance, Risk Management and
General Affairs (CRMGA), under the responsibility of the Head of CRMGA, to
manage governance. Since January 28, 2015, the sub directorate of Risk &amp;
Process Management belonged in the Finance Directorate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The history
of Risk Management in Telkom in 2006 to 2015 has led the company to a level in
which risk has been taken into consideration in making strategic decisions, in
the implementation of operations, to oversee compliance as well as in
safeguarding the financial reporting process through the Internal Control
Processes and Disclosure Control Procedures.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Looking
ahead, we continue to strive to maintain and improve the maturity of risk
management implementation with some emphasis as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 : Improved
implementation of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Business Continuity Management System</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (BCMS)</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2016 : Improved
implementation of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Revenue Assurance &amp; Fraud Management System</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk
Management Organizations at the corporate level</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation
of the Board of Directors No. 202.11/r.01/HK200/COP-J4000000/2015 dated January
28, 2015 on the TELKOM Group Office Organization, the organizational structure
of Sub Directorate of Risk &amp; Process Management in the Finance Directorate
are as follows:</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=162 id="Picture63" src="x16040107551600.jpg" width=567>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk
Management Policy and Framework</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk
Management policy in Telkom refers to Regulation of the Board of Directors
Number: PD.614.00/r.00/HK.200/COP-D0030000/2015 of September 30, 2015 on
Company Risk Management (Telkom Enterprise Risk Management) which replaces the
Board of Directors&#8217; Decision No. KD.16/PW000/PRO-IIC/2006 of February 3, 2006
on Company Risk Management (Telkom Risk Management). </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">As the transition period the Decision of the Board of Directors
N</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">o.</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KD.16/PW 000/PRO-IIC/2006 is still valid in the period of 6 (six)
months from the Board of Directors
Regulations N</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">o</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.PD.614.00/r.00/HK.200/COP-D0030000/2015 apply.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Purpose:</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Ensure all risks that could interfere with the
achievement of company objectives can be anticipated in advance as well as
obtain new opportunities that can support the achievement of Company
objectives.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Creating a standard framework for Company Risk
Management for a more coordinated and integrated management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Scope:</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enterprise
Risk Management implemented at all levels of the organization covers:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporation Level</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The unit of work at the Company Office</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Business Unit (Division/Center)</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Subsidiary&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The main
framework used in risk management at Telkom (COSO ERM Framework) includes three
major components:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Company risk management must be able to
support the company's goals from the following aspects: strategic, operational,
Reporting and compliance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enterprise risk management applied at all
levels of the organization within the company includes: Enterprise-level,
Division, Business unit and Subsidiary.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The implementation of enterprise risk
management consists of eight components which are:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Developing the internal
environment process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Objective setting process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Event identification process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk assessment process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk response process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Control activities process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Information /
Communication Process</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">h.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Monitoring process</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">However, in
its implementation, Telkom also pays attention and integrates the framework
with references and other relevant guidelines, among others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ISO 31000 </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">- Enterprise Risk Management </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">as
a comparison and complementary implementation</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ISO 27001 - </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Information Security Management
System</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (ISMS) as a reference in the development of risk management to
ensure information security in terms of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Confidentiality, Integrity</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Availability&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ISO 22301 - </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Business Continuity Management
System</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (BCMS) as a reference in ensuring business continuity</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ISO 20000 - </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Information Technology Service
Management</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (ITSM) as a reference in ensuring IT services</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Safety and Health Management System (SMK3)
based on Government Regulation No. 50 of 2012 on the application of SMK3</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ISO 18001 - </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Occupational Health and Safety
Assessment System</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (OHSAS) as a reference to support the implementation SMK3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=IORMP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">IMPLEMENTATION OF RISK MANAGEMENT POLICY AND
FRAMEWORK</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; <img align=left height=192 src="x16040107551600.gif" width=201 style="margin-bottom:1px;margin-top:0px;"></font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Efforts to add value to the management of the company</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In line with the basic frameworks (COSO ERM
Framework), risk management at Telkom is expected to provide added value in
achieving the objectives of the company, especially in the aspects of:
Strategic, Operation, Reporting and Compliance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><u><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Strategic Aspect:</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk management attempts to provide added
value through the implementation of risk management in the company's planning
process, for example during the preparation of the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporate Strategic
Scenario</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (CSS), as well as in the strategic decision-making process.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><u><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Operational Aspect:</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Implementation of Risk Management to protect the Company's assets will include:</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Physical Security
Management for infrastructures security </font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">IT Security Management
System including Confidentiality, Integrity and Availibility</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Management of Work Health
and Safety Management System</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Management of Business
Continuity Management, Disaster Recovery Plan and Crisis Management Team </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Management of Revenue
Assurance and Anti Fraud Program</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><u><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Compliance Aspect:</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Risk management is strived to provide some added values through:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Management
of compliance
of the External Regulations and
Internal Rules</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Management
of compliance
of SOX Provisions through the design and implementation of adequate Internal Control</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><u><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Reporting Aspect:</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk management strives to provide added value
to the process of setting financial reporting disclosure controls through
Disclosure Control Procedure (DCP).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Enterprise Risk Management (ERM) Governance</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom realizes that risk management is an
integral part of </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Good Corporate Governance</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> (GCG) to ensure business
continuity. Governance of risk management referring to the Company Risk
Management Policy includes:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Board of Directors: In the implementation of
risk management policies, acting and responsible for establishing policies
related to the management risk and ensures that company risk management is
effectively implemented through all the company's management processes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risk Committee: Acting and responsible for
setting Policies, reviews and recommendations on company risks and provide
feedback or guidance for every person in charge of company risk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Corporate Risk Management Unit: Acting and responsible
for coordinating the implementation of the company's risk management policy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Internal Audit Unit: Internal Audit function
plays acts and is responsible for providing independent opinion to the Board of
Directors, Risk Committee and Risk Management unit of the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Head of Unit: Unit leaders/Senior Leaders have
the duty and responsibility to implement and supervise the whole process of
company risk management in the unit he leads.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">All Employees: Have the task and
responsibility of effectively and efficiently implementing company risk
management policy according to their roles and positions</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Subsidiary: Has the task and responsibility of
implementing risk management with a framework referring to the framework used
by PT. Telkom</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The process of building and maintaining
Enterprise Risk Management (ERM)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In order to be able
to properly run eight components in the COSO Framework process, we built and
maintained Corporate Risk Management through:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Structural aspects to build a supportive
internal environment through:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Building Commitment and Tone at the Top.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Laying the foundation of risk management within the
framework of GCG.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Establish a Risk Management Unit Organization.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Development of Policies, Guidelines for Risk
Acceptance Criteria</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(RAC), Guidelines for Risk Assessment (Risk &amp;
Control Self Assessment/RCSA) and Governance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Development of Competence in the Field of Risk
Management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Provision of adequate Tools and Systems.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Operational aspects are focused on:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Guarding the implementation of risk assessment at the
Corporate, Business Unit and Subsidiary as well as preparation of adequate
mitigation plans.</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Development of risk assessment methodologies for
specific functions by combining the implementation of the COSO ERM Framework
with reference to standards or other guidelines</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Aspects of maintenance that focuses on the process of
information, communication, review and continuous improvement including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Guarding the implementation of the review,
monitoring and risk reporting system.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Coordination of the Audit Implementation
Enterprise Risk Management</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Maintain Continuity
Competency Development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Maintain consistency of communication and
socialization.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Developing a mechanism for
assessing the effectiveness of the implementation of Risk Management.</font></p>

<p style="margin-bottom:.0001pt;margin-left:94.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Development of Risk Management Competence</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:14.2pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, we have carried out the development of risk management
competencies, including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:14.2pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:13.5pt;width:98.38%;">
 <tr style="height:1.0pt;">
  <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Type
  of Training</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Internal Control over Financial
  Reporting (ICFR)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Certified Lead Auditor ISO
  22301 Business Continuity Management System</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September
  2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hedging</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Emergency Flood Evacuation
  Response Simulation</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October
  2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Internal Auditor Business
  Continuity Management</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=5% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=70% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Certified Risk Associate</font></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December
  2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Besides through Classical Training, competence
development is also done through socialization as well as related Workshops on
Risk Management in the Office Division environment and its subsidiaries.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Tools Usage/Information System</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">To perform the function of Risk Management,
Telkom has provided the supporting infrastructure using applications (tools) /
information systems, among others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Generic Tools Enterprise Risk Management Online</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(ERM
Online) that is used by the entire unit for management of Risk Assessment</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.05pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Specific Tools for specific risk management
objectives, for example:</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Fraud Management System (FRAMES) Application
that is used for an early detection system of potential Customer Fraud</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">i-Library application which is managed by the
Division Network of Broadband and is used for the management of the
documentation system, namely the Integrated Management System</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SMK 3 Online application
managed by the Security and Safety Unit for the Health and Safety documentation
management. </font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Security &amp; Safety Application managed by
the Security &amp; Safety Unit to monitor the management of Physical Security</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkomcare application for
coordinating the Crisis Management Team</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-31.5pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assessment of the
Effectiveness of the Implementation of Risk Management </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assessing the effectiveness of risk management
implementation is done through the evaluation process, including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through Evaluation/one-on-one discussion with
business units as needed.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through Workshop-sharing implementation and
development of ERM with subsidiaries as needed</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through the Implementation of Risk Management
Audit program as needed</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through Evaluation with the Risk Committee,
Compliance and Revenue Assurance at BoD level as needed</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through Evaluation with the Planning and Risk
Evaluation Monitoring Committee (PREMC) as needed</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-31.5pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Sharing Session and
Recognition of External Parties</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, Telkom received a visit from external
parties for an implementation of Risk Management, Internal Control, Process
Management, Good Corporate Governance and Management of Insurance sharing
session, among others, from:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PT. Semen Indonesia&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
January 11</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PT. Perkebunan Nusantara
IX&#160; &#160; : February 15</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015 &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Perum BULOG &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
March 11</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015  &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Pembangkit Jawa Bali &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
May 19</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&#160;&#160;&#160;  &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PERTAMINA Patra Niaga &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
August 04</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PT. PLN&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
September 11</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Other than the implementation of Risk
Management in 2015, Telkom received recognition or awards from external
parties, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:29.2pt;width:96.5%;">
 <tr>
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=46% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">External </font></b><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">I</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">nstitution
  &nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=46% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Type of Award</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
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<tr>
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  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></b></p>
  </td>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">PT. SGS
  Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Integrated
  Management System for Infrastructure management including: </font></p>
  <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">ISO 9001:2008 Certificate
  - Quality Management System </font></p>
  <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">ISO 27001:2013
  Certificate - Information Security Management System </font></p>
  <p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">ISO 22301:2012
  Certificate - Business Continuity Management System </font></p>
  </td>
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  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=RF></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">RISK FACTORS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Risks Related to
Indonesia </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">1.</font></i></b><b><i><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Political
and Social Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Current political and social events in
Indonesia may adversely affect our business</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Since 1998, Indonesia has experienced a process of
democratic change, resulting in political and social events that have
highlighted the unpredictable nature of Indonesia&#8217;s changing political
landscape. In 1999, Indonesia conducted its first free elections for parliament
and president. Indonesia also has many political parties, without any one party
holding a clear majority. Due to these factors, Indonesia has, from time to
time, experienced political instability, as well as general social and civil
unrest. For example, since 2000, thousands of Indonesians have participated in
demonstrations in Jakarta and other Indonesian cities both for and against
former President Abdurahman Wahid, former President Megawati, and former
President Susilo Bambang Yudhoyono as well as in response to specific issues,
including fuel subsidy reductions, privatization of state assets,
anti-corruption measures, decentralization and provincial autonomy and the
American-led military campaigns in Afghanistan and Iraq. Although these
demonstrations were generally peaceful, some turned violent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Indonesia announced in November 2014, and implemented
with effect from January 1, 2015, a fixed diesel subsidy of Rp1</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">000 per
liter and scrapped the gasoline subsidy. Although the implementation did not
result in any significant violence or political instability, the announcement
and implementation also coincided with a period where crude oil prices had
dropped very significantly </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">from&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> 2014. There can be no assurance that future increases
in crude oil and fuel prices will not result in political and social instability.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Separatist movements and clashes between religious and
ethnic groups have also resulted in social and civil unrest in parts of
Indonesia, such as&#160; Aceh in the past and in Papua currently, where there have
been clashes between supporters of those separatist movements and the
Indonesian military, including continued activity in Papua, by separatist
rebels that has led to violent incidents</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> There have also been
inter-ethnic conflict</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, for example in Kalimantan, as well as
inter-religious conflict such as in Maluku and Poso.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Labor issues have also come to the fore in Indonesia.
In 2003, the Government enacted a new labor law that gave employees greater
protections. Occasional efforts to reduce these protections have prompted an
upsurge in public protests as workers responded to policies that they deemed
unfavorable.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">President Joko Widodo won the Indonesian presidential
elections which took place in July 2014, and was sworn in as President of the
Republic of Indonesia on October 20, 2014. Although the April 2009, July 2009
and July 2014 elections were conducted in a peaceful manner, President Joko
Widodo's governing coalition currently holds a minority of seats in parliament.
In addition, the relatively closely fought 2014 presidential election, the challenge
from the losing candidate in the 2014 election and the delay of the conclusion
of the election result, as well as political campaigns in Indonesia, may be
indicative of the degree of political and social division in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">There can be no assurance that social and civil
disturbances will not occur in the future and on a wider scale, or that any
such disturbances will not, directly or indirectly, materially and adversely
affect our business, financial condition, results of operations and prospects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Terrorist activities in Indonesia could
destabilize Indonesia, which would adversely affect our business, financial
condition and results of operations, and the market price of our securities </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">There have been a number of terrorist incidents in
Indonesia, including the May 2005 bombing in Central Sulawesi, the Bali
bombings in October 2002 and 2005 and the bombings at the JW Marriot and Ritz
Carlton hotels in Jakarta in July 2009, </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">which resulted in deaths and injuries</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">O</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">n January 14, 2016</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;">several coordinated bombings and gun shootings occurred in Jalan Thamrin,
Jakarta, resulting in a number of deaths and injuries.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Although the Government has successfully countered
some terrorist activities in recent years and arrested several of those
suspected of being involved in these incidents, terrorist incidents may
continue and, if serious or widespread, might have a material adverse effect on
investment and confidence in, and the performance of, the Indonesian economy
and may also have a material adverse effect on our business, financial
condition, results of operations and prospects and the market price of our
securities.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2.</font></i></b><b><i><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Macro
Economic Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Negative changes in global, regional or
Indonesian economic activity could adversely affect our business</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Changes in the Indonesian, regional and global
economies can affect our performance. Two significant events in the past that
impacted Indonesia&#8217;s economy were the Asian economic crisis of 1997 and the
global economic crisis which started in 2008. The 1997 crisis was characterized
in Indonesia by, among others, currency depreciation, a significant decline in
real gross domestic product, high interest rates, social unrest and
extraordinary political developments</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. W</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">hile the global economic crisis that arose
from the subprime mortgage crisis in the US did not affect Indonesia's economy
as severely as in 1997, it still put Indonesia&#8217;s economy under pressure. The
global financial markets have also experienced volatility as a result of
expectations relating to monetary and interest rate policies of the United
States, concerns over the debt crisis in the Eurozone, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and concerns over China's economic health</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. Uncertainty over the outcome of the Eurozone
governments&#8217; financial support programs and worries about sovereign finances
generally are ongoing. If the crisis becomes protracted, we can provide no
assurance that it will not have a material and adverse effect on Indonesia&#8217;s
economic growth and consequently on our business.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Adverse economic conditions could result in less
business activity, less disposable income available for consumers to spend and
reduced consumer purchasing power, which may reduce demand for communication
services, including our services, which in turn would have an adverse effect on
our business, financial condition, results of operations and prospects. There
is no assurance that there will not be a recurrence of economic instability in
future, or that, should it occur, it will not have an impact on the performance
of our business. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Fluctuations in the value of the Indonesian
Rupiah may materially and adversely affect us </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our functional currency is the Rupiah. One of the most
important effects of the Asian economic crisis that affected Indonesia was the
depreciation and volatility in the value of the Indonesian Rupiah as measured
against other currencies, such as the US Dollar. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Rupiah </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">continues to
experience significant volatility</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">From 20</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">11&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to 201</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">5</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">, the Indonesian Rupiah per US Dollar exchange
rate ranged from a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">high&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of
Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">8,460&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> per US Dollar to a </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">low&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> of
Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">14,728&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> per US Dollar. As a result, we recorded </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">foreign exchange </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">losses of Rp249 billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">in 2013, Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">14 billion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">in 2014 and Rp46 billion in 2015. As of December 31,
2015, the Indonesian Rupiah per US Dollar exchange rate stood at Rp13,795 per
US Dollar compared to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Rp12,440 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">per US Dollar as of December 31, 2014. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To the extent that the Indonesian Rupiah depreciates
further from the exchange rate as of December 2014, our US Dollar-denominated
obligations under our accounts payable and procurements payable, as well as
payments for foreign currency-denominated loans payable and bonds payable,
would increase in Indonesian Rupiah terms. A depreciation of the Rupiah would
also increase the Rupiah cost of our capital expenditures as most of our
capital expenditures are priced in or with reference to foreign currencies,
mainly US Dollars and Euros, while a substantial </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">majority&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of our
revenues are in Rupiah. Such depreciation of the Indonesian Rupiah would result
in losses on foreign exchange translation, significantly affect our total
expenses and net income and reduce the US Dollar amounts of dividends received
by holders of our ADSs. We can give no assurances that we will be able to
control or manage our exchange rate risk successfully in the future or that we
will not be adversely affected by our exposure to exchange rate risk.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In addition, while the Indonesian Rupiah has generally
been freely convertible and transferable, from time </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">to&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> time,
Bank Indonesia has intervened in the currency exchange markets in furtherance
of its policies, either by selling Indonesian Rupiah or by using its foreign
currency reserves to purchase Indonesian Rupiah. We can give no assurances that
the current floating exchange rate policy of Bank Indonesia will not be
modified or that the Government will take additional action to stabilize,
maintain or increase the Indonesian Rupiah&#8217;s value, or that any of these
actions, if taken, will be successful. Modification of the current floating
exchange rate policy could result in significantly higher domestic interest
rates, liquidity shortages, capital or exchange controls or the withholding of
additional financial assistance by multinational lenders. This could result in
a reduction of economic activity, an economic recession, loan defaults or
declining subscriber usage of our services, and as a result, we may also face
difficulties in funding our capital expenditures and in implementing our
business strategy. Any of the foregoing consequences could have a material
adverse effect on our business, financial condition, results of operations and
prospects.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Downgrades of credit ratings of the Government
or Indonesian companies could adversely affect our business</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of the date of this Annual Report, Indonesia&#8217;s
sovereign foreign currency long-term debt was rated &#8220;Baa3&#8221; by Moody&#8217;s, &#8220;BB+&#8221; by
Standard &amp; Poor&#8217;s and &#8220;BB</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">B-</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#8221; by Fitch Ratings. Indonesia's short-term foreign
currency debt is rated &#8220;B&#8221; by Standard &amp; Poor&#8217;s and &#8220;F3&#8221; by Fitch Ratings.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We can give no assurances that Moody&#8217;s, Standard &amp;
Poor&#8217;s or Fitch Ratings, will not change or downgrade the credit ratings of
Indonesia. Any such downgrade could have an adverse impact on liquidity in the
Indonesian financial markets, the ability of the Government and Indonesian
companies, including us, to raise additional financing and the interest rates
and other commercial terms at which such additional financing is available.
Interest rates on our floating rate Rupiah-denominated debt would also likely
increase. Such events could have material adverse effects on our business,
financial condition, results of operations, prospects and/or the market price
of our securities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">3.</font></i></b><b><i><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Disaster
Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Indonesia is vulnerable to natural disasters
and events beyond our control, which could adversely affect our business and
operating results</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Many parts of Indonesia, including areas where we
operate, are prone to natural disasters such as floods, lightning strikes,
typhoons, earthquakes, tsunamis, volcanic eruptions, fires, droughts, power
outages and other events beyond our control. The Indonesian archipelago is one
of the most volcanically active regions in the world as it is located in the
convergence zone of three major lithospheric plates. It is subject to
significant seismic activity that can lead to destructive earthquakes, tsunamis
or tidal waves. Flash floods and more widespread flooding also occur regularly
during the rainy season from November to April. Cities, especially Jakarta, are
frequently subject to severe localized flooding which can result in major
disruption and occasionally, fatalities. Landslides regularly occur in rural
areas during the wet season. From time to time, natural disasters have killed,
affected or displaced large numbers of people and damaged our equipment. These
events in the past, and may in the future, disrupt our business activities,
cause damage to equipment and adversely affect our financial performance and
profit.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">For example, on September 2, 2009, an earthquake in
West Java caused damage to our assets. On September 30, 2009, an earthquake in
West Sumatra disrupted the provision of telecommunications services in several
locations. Although our Crisis Management Team in cooperation with our employees
and partners was able to restore services quickly, the earthquake caused severe
damage to our assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Although we have implemented a Business Continuity
Plan (&#8220;BCP&#8221;) and a Disaster Recovery Plan (&#8220;DRP&#8221;), and test these regularly and
we have insured our assets to protect from any losses attributable to natural
disasters or other phenomena beyond our control, there is no assurance that the
insurance coverage will be sufficient to cover the potential losses, that the
premium payable for these insurance policies upon renewal will not increase
substantially in the future, or that natural disasters would not significantly
disrupt our operations. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We cannot assure you that future natural disaster will
not have a significant impact on us, or Indonesia or its economy. A significant earthquake, other
geological disturbance or weather-related natural disaster in any of
Indonesia&#8217;s more populated cities and financial centers could severely disrupt
the Indonesian economy and undermine investor confidence, thereby materially
and adversely affecting our business, financial condition, results of
operations and prospects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our operations may be adversely affected by an
outbreak of an infectious disease, such as avian influenza, Influenza A (H1N1)
virus or other epidemics</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">An outbreak of an infectious disease such as avian
influenza, Influenza A (H1N1) or a similar epidemic, or the measures taken by
the Governments of affected countries, including Indonesia, against such an
outbreak, could severely disrupt the Indonesian and other economies and
undermine investor confidence, thereby materially and adversely affecting our
financial condition or results of operations and the market value of its
securities. Moreover, our operations could be materially disrupted if our
employees remained at home and away from our principal places of business for
extended period of time, which would have a material and adverse effect on our
financial condition or results of operations and the market value of its
securities.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">4.</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Other Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Indonesian Corporate Disclosure Standards
differ in significant respects from those applicable in other countries,
including the United States </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As a company whose shares are listed on the Indonesia
Stock Exchange (&#8220;IDX&#8221;) and the New York Stock Exchange (&#8220;NYSE&#8221;), we are subject
to regulatory and exchange corporate governance and reporting requirements in
multiple jurisdictions. There may be less publicly-available information about
Indonesian public companies, including us, than is regularly disclosed by
public companies in countries with more mature securities markets. As a result,
investors may not have access to the same level and type of disclosure as that
available in other countries, and comparisons with other companies in other
countries may not be possible in all respects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our financial results are reported to the OJK
(as the successor to Bapepam-LK) in conformity with IFAS, which differs in
certain significant respects from IFRS, and we distribute dividends based on
profit for the year attributable to owners of the parent company and net income
per share determined in reliance on IFAS</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In accordance with the regulations of OJK and the IDX,
we are required to report our financial results to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">the </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">OJK in
conformity with IFAS. We have provided to</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> the</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> OJK our financial result for
the financial year ended December 31, 2015, on </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">March 3</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">6</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, which
we furnished to the SEC on a Form 6-K dated </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">March 7</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, 2016,
which contains our audited Consolidated Financial Statements as of December 31,
2015 and for the year then ended and prepared in conformity with IFAS. IFAS
differs in certain significant respects from IFRS, and, as a result, there are
differences between our financial results as reported under IFAS and IFRS,
including profit for the year attributable to owners of the parent company and
net income per share. We distribute dividends based on profit for the year
attributable to owners of the parent company and net income per share
determined in reliance on IFAS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Based on </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IFAS financial
statements, our profit for the year attributable to owners of the parent
company would be Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">14,471&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">15,489 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">billion for </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2014&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, respectively and our net income per share would be
Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">148.13 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">157.77
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">for </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2014&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,
respectively. Dividends declared per share were Rp</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">89.46 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">for fiscal
year 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. The dividends </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">declare </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">per share for the year </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
will be decided at the 2016 AGMS, scheduled for </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">April 22</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">6</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We are incorporated in Indonesia and it may
not be possible for investors to effect service of process or enforce
judgments, on us within the United States or to enforce judgments of a foreign
court against us in Indonesia</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We are a limited liability company incorporated in
Indonesia, operating within the framework of Indonesian laws relating to
Indonesian companies with limited liability, and all of our significant assets
are located in Indonesia. In addition, our Commissioners and our Directors
reside in Indonesia and a substantial portion of the assets of such persons are
located outside the United States. As a result, it may be difficult for
investors to effect service of process, or enforce judgments on us or such
persons within the US, or to enforce against us or such persons in the US,
judgments obtained in US courts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We have been advised by Hadiputranto, Hadinoto &amp;
Partners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> our Indonesian legal advisor</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> that
judgments of US courts, including judgments predicated upon the civil liability
provisions of the US federal securities laws or the securities laws of any
state within the US, are not enforceable in Indonesian courts, although such
judgments could be admissible as non-conclusive evidence in a proceeding on the
underlying claim in an Indonesian court. They have also advised that there is
doubt as to whether Indonesian courts will enter judgments in original actions
brought in Indonesian courts predicated solely upon the civil liability
provisions of the US federal securities laws or the securities laws of any
state within the US. As a result, the claimant would be required to pursue
claims against us or such persons in Indonesian courts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our controlling shareholder&#8217;s interest may
differ from those of our other shareholders</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The Government has a controlling stake of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">52.55</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">%
of our issued and outstanding shares of common stock and the ability to
determine the outcome of all actions requiring the approval of the
shareholders. The Government also holds our one Dwiwarna
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">S</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">hare, which has special voting rights and veto rights over certain
matters, including the election and removal of our Directors and Commissioners.
It may also use its powers as majority shareholder or under the Dwiwarna Share
to cause us to issue new shares, amend our Articles of Association or bring
about actions to merge or dissolve us, increase or decrease our authorized
capital or reduce our issued capital, or veto any of these actions. One or more
of these may result in the delisting of our securities from certain exchanges.
Further, through the MoCI, the Government exercises regulatory power over the Indonesian
telecommunications industry. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">As of December 31, 2015, the Government had a 14.3%
equity stake in PT Indosat Tbk (&quot;Indosat&quot;), which competes with us in
fixed IDD telecommunications services and cellular services. The Government's
stake</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> in Indosat </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#160;includes </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Series A Dwiwarna share which has special
voting rights and veto rights over certain strategic matters under Indosat's
Articles of Association, including decisions on dissolution, liquidation and bankruptcy,
and also permits the Government to nominate one Director to its Board of
Directors and one Commissioner to its Board of Commissioners. There may thus be
instances where the Government&#8217;s interests will conflict with ours. There is no
assurance that the Government will not direct opportunities to Indosat or favor
Indosat when exercising regulatory power over the Indonesian telecommunications
industry. If the Government were to give priority to Indosat&#8217;s business over
ours or to expand its stake in Indosat, our business, financial condition, and
results of operations and prospects could be materially and adversely affected.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">B.</font></b><b><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risks
Related to Our Business
</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Operational
Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A material failure in the
continuing operations of our network, certain key systems, gateways to our
network or the networks of other network operators could adversely affect our
business, financial condition, results of operations and prospects</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We depend to a significant degree on the uninterrupted
operation of our network to provide our services. For example, we depend on
access to our fixed wireline network (&#8220;PSTN&#8221;) for the operation of our fixed
line network and the termination and origination of cellular telephone calls to
and from fixed line telephones, and a significant portion of our cellular and
international long-distance call traffic is routed through the PSTN. We also
depend on access to an internet and broadband network and a cellular network.
Our integrated network includes a copper access network, fiber optic access network,
BTSs, switching equipment, optical and radio transmission equipment, an IP core
network, satellite and application servers. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In addition, we also rely on interconnection to the
networks of other telecommunications operators to carry calls and data from our
subscribers to the subscribers of operators both within Indonesia and overseas.
We also depend on certain technologically sophisticated management information
systems and other systems, such as our customer billing system, to enable us to
conduct our operations. Our network, including our information systems, IT and
infrastructure and the networks of other operators with whom our subscribers
are interconnected, are vulnerable to damage or interruptions in operation from
a variety of sources including earthquake, fire, flood, power loss, equipment
failure, network software flaws, transmission cable disruption or similar
events. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Although we have a comprehensive business continuity
plan and disaster recovery plan which we test and strive to improve, we cannot
guarantee that the implementation of such plans will be completely or partially
successful should any portion of network be severely damaged or interrupted.
Any failure that results in an interruption of our operations or of the
provision of any service, whether from operational disruption, natural disaster
or otherwise, could adversely affect our business, financial condition, results
of operations and prospects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our networks, face both
potential physical and cyber security threats, such as theft, vandalism and
acts intended to disrupt operations, which could adversely affect our operating
results</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our networks and equipment,
particularly our wireline access network, face both potential physical and
cyber security threats. Physical threats include theft and vandalism of our
equipment and organized attacks against key infrastructure intended to disrupt
operations. In addition, telecommunications companies worldwide face increasing
cyber security threats as businesses become increasingly dependent on
telecommunications and computer networks and adopt cloud computing
technologies. Cyber security threats include gaining unauthorized access to our
systems or inserting computer viruses or malicious software in our systems to
misappropriate consumer data and other sensitive information, corrupt our data
or disrupt our operations. Unauthorized access may also be gained through
traditional means such as the theft of laptop computers, portable data devices
and mobile phones and intelligence gathering on employees with access. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Although we have not experienced
any material successful cyber attacks to date that have affected our
operations,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> our network and our website
are frequently targeted by cyber attacks.
A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> successful cyber attack may lead us to incur substantial costs to
repair damage or restore data, implement substantial organizational changes and
training to prevent future similar attacks and lost revenues and litigation
costs due to misused sensitive information, and cause substantial reputational
damage. We take preventive and remedial measures, including enhanced
cooperation with the police, particularly in areas prone to criminal activity
and regular upgrades of our data security measures. However, there is no
assurance that our physical and cyber security measures will be successful.
Damage to our network, equipment or data and the need to repair such damage
resulting from a physical or cyber attack may materially and adversely affect
our business, financial condition and operating results. Our networks face
potential security threats, such as theft or vandalism, which could adversely
affect our operating results.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We face a number of risks relating to
our internet-related services</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In addition to cyber security threats,
because we provide connections to the internet and host websites for customers
and develop internet content and applications, we may be perceived as being
associated with the content carried over our network or displayed on websites
that we host. We cannot and do not screen all of this content and may face
litigation claims due to a perceived association with this content. These types
of claims can be costly to defend, divert management resources and attention,
and may damage our reputation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A revenue leakage might occur
due to internal weaknesses or external factors and if this happened</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font></i><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> it could have an adverse effect on
our operating results</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">A revenue leakage is a
generic risk for all telecommunications operators. We may face revenue leakage
problems or problems with collecting all the revenues to which we may be
entitled, due to the possibility of weaknesses at the transactional level,
delay in transaction processing, dishonest customers or other factors. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We have taken some preventive
measures against the possibility of revenue leakage by increasing control
functions in all of our existing business process, implementing revenue
assurance methods, employing adequate policies and procedures as well as
implementing information systems applications to minimize revenue leakages.
Nonetheless, there is no assurance that in the future there will be no
significant revenue leakages or that any such leakages will not have a material
adverse affect on our operating results.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">New technologies may adversely
affect our ability to remain competitive</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The telecommunications
industry is characterized by rapid and significant changes in technology. We
may face increasing competition due to technologies currently under development
or which may be developed in the future. Future development or application of
new or alternative technologies, services or standards could require
significant changes to our business model, the development of new products, the
provision of additional services and substantial new investments by us. New
products and services may be expensive to develop and may result in the
introduction of additional competitors into the marketplace. We cannot
accurately predict how emerging and future technological changes will affect
our operations or the competitiveness of our services. Furthermore, we cannot
guarantee that we will be able to effectively integrate new technologies into
our existing business model.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">For example, due to
competition and the increasing popularity of mobile cellular platforms, our
fixed wireless revenues and ARPU had been declining in recent years. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 27, 2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">we entered into a Conditional Business Transfer Agreement
with Telkomsel to transfer </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">parts of our</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> Flexi business, with effect from
October 3, 2014, and migrate</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
Flexi subscribers to Telkomsel. We </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">terminated our Flexi service on May 31, 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As part of our </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">continuing development of our </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">TIMES business, we </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">continue to </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">seek to develop businesses through
which we also provide content to our telecommunications subscribers. We do not
yet have substantial experience as a content provider therefore we cannot
assure you that we will be able to effectively manage the growth of this
business. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We cannot assure you that our
technologies will not become obsolete, or be subjected to competition from new
technologies in the future, or that we will be able to acquire new technologies
necessary to compete in changed circumstances on commercially acceptable terms.
Our failure to react to rapid technological changes could adversely affect our
business, financial condition, results of operations and prospects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our satellites have limited
operational life they may be damaged or destroyed during in-orbit operation or
suffer launch delays or failures. The loss or reduced performance of our
satellites, whether caused by equipment failure or its license being revoked,
may adversely affect our financial condition, results of operations and ability
to provide certain services</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Our Telkom-1 and Telkom-2 satellites have a limited
operational life, currently estimated to end approximately in 2015 and 2020,
respectively. A number of factors affect the operational lives of satellites,
including the quality of their construction, the durability of their systems,
subsystems and component parts, on-board fuel reserves, accuracy of their
launch into orbit, exposure to micrometeorite storms, or other natural events
in space, collision with orbital debris, or the manner in which the satellite
is monitored and operated. We currently use satellite transponder capacity on
our satellites in connection with many aspects of our business, including
direct leasing of such capacity and routing for our international long-distance
and cellular services. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Moreover, International
Telecommunication Union (&#8220;ITU&#8221;) regulations specify that a designated satellite
slot has been allocated for Indonesia and the Government has the right to
determine which party is licensed to use such slot. While we currently hold a
license to use the designated satellite slot, in the event our Telkom-1 and
Telkom-2 satellites experience technical problems or failure, the Government
may determine that we have failed to optimize the existing slot under our
license, which may result in the Government withdrawing our license. We cannot
assure you that we will be able to maintain use of the designated satellite
slot in a manner deemed satisfactory by the Government.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In anticipation of the growth
in demand for satellite services and to support our business strategy with
regard to providing TIMES services, we signed a contract in 2009 for the
procurement of the Telkom-3 Satellite System. However, due to a launch failure
in August 2012, the Telkom-3 satellite ended up in an unusable orbit. Although
we had fully insured the cost of the satellite, the loss of the Telkom-3
satellite will require us to lease transponder capacity from a thirdparty
provider to fulfill our commitments to our satellite operations customers, with
likely lower margins than we would have received from the use of Telkom-3 had
it been successfully launched. We have entered into a contract for the
construction of a replacement satellite, the Telkom-3S, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which is currently </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">planned for launch in </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">late </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2016, and another contract for the
procurement of a Telkom-4 satellite, which is currently planned for launch
around the end of 2017, as a replacement for Telkom-1. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">lthough the Telkom-1 satellite may
still be operational for several years after the end of its currently estimated
operational lifespan in 2015, if there is any delay in the development and
launch of </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the Telkom-3S and/or Telkom-4 satellites</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, or if the operational life of the
Telkom-1 satellite ends before the </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom-3S
and/or Telkom-4
satellites are </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">successfully launched, or damage or
failure renders our existing satellites unfit for use, we would need to lease
additional transponder capacity from a third party, which would likely increase
our costs of operations. Failure to lease adequate satellite capacity from a
thirdparty provider may also result in service interruptions and/or a cessation
of our satellite operations. The termination of our satellite business could
increase expenses associated with our provision of other telecommunications
services, particularly in the eastern parts of Indonesia which currently rely
largely on satellite coverage for telecommunications services and could
adversely affect our business, financial condition and results of operations. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></i></b><b><i><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Financial
Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">We are exposed to interest rate risk</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;text-transform:none;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">Our debt includes bank borrowings to
finance our operations. Where appropriate, we seek to minimize our interest
rate risk exposure by entering into interest rate swap contracts to swap
floating interest rates for fixed interest rates over the duration of certain
borrowings. However, our hedging policy may not adequately cover our exposure
to interest rate fluctuations and this may result in a large interest expense
and an adverse effect on our business, financial condition and results of
operations. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">Changes in the economic situation in
the United States, including improvement or expectations of improvement in the
U.S. economy, may also have an impact on Southeast Asia and Indonesia.
Expectations of the United States Federal Reserve tapering its bond buying
program on an improving economy resulted in, among other things, the weakening
of equity and bond markets around the world and a number of Asian currencies
including the Rupiah since May 2013. In part, in an effort to support the
Rupiah, in June 2013, Bank Indonesia began raising its benchmark reference rate
from a record low of 5.75% which was set in February 2012. The benchmark
reference rate rose </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">six&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
times between June</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> 2013</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
and November 201</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">4&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> to 7.</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">7</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">5%&nbsp;</font><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">
</font></b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">before decreasing to 7.50% in February 2015</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">,
7.25% in January 2016, and 7.00% in February 2016</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">. The increase</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">s&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
of Bank Indonesia reference rate</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> in 2013 and 2014</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> w</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">ere&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
followed by increases in the JIBOR and Bank Indonesia Certificate (&#8220;SBI&#8221;)
interest rates. There can be no assurance that the Bank Indonesia reference
rate, JIBOR or SBI rate will not rise</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> again</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> in the future.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We may not be able to successfully manage
our foreign currency exchange risk</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">Changes in exchange rates have affected
and may continue to affect our financial condition and results of operations.
Most of our debt obligations are denominated in Indonesian Rupiah and a
majority of our capital expenditures are denominated in US Dollars. Most of our
revenues are denominated in Indonesian Rupiah and a portion is denominated in
US Dollars (for example from international services). We may also incur
additional long-term indebtedness in currencies other than the Indonesian
Rupiah, including the US Dollars, to finance further capital expenditures. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">The exchange rate of Indonesian Rupiah
to the US Dollar&#160; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">has been highly volatile from time to
time in the past. Although we have a financial risk management program and a
written policy for foreign currency risk management which mainly uses time
deposits placements and hedging to cover foreign currency risk exposure for
periods ranging from three to twelve months,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
we can give no assurance that we will be able to manage our exchange rate risk
successfully or that our business, financial condition or results of operations
will not be adversely affected by our exposure to exchange rate risk. </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">We may be unable to fund the capital
expenditures needed for us to remain competitive in the telecommunications
industry in Indonesia</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">The delivery of telecommunications
services is capital intensive. In order to be competitive, we must continually
expand, modernize and update our telecommunications infrastructure technology,
which involves substantial capital investment. For the years ended December 31,
2013, 2014 and 2015, our consolidated capital expenditures total</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">ing&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> Rp24,898 billion</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">,&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">
Rp</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">24</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">,661 billion, and Rp26,401 billion
(US$1,915 million), respectively. Our ability to fund capital expenditures in
the future will depend on our future operating performance, which is subject to
prevailing economic conditions, levels of interest rates and financial,
business and other factors, many of which are beyond our control, and upon our
ability to obtain additional external financing. We cannot assure you that
additional financing will be available to us on commercially acceptable terms,
or at all. In addition, we can only incur additional financing in compliance
with the terms of our debt agreements. Accordingly, we cannot assure you that
we will have sufficient capital resources to improve or expand our
telecommunications infrastructure technology or update our other technolog</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">ies&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;"> to the extent necessary to remain competitive in the
Indonesian telecommunications market. Our failure to do so could have a
material adverse effect on our business, financial condition, results of
operations and prospects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;text-transform:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></i></b><b><i><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Legal
and Compliance Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">If we are found liable for
price fixing by the Indonesian Anti-Monopoly Committee and for class action
allegations, we may be subjected to substantial liability which could lead to a
decrease in our revenue and affect our business, reputation and profitability</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Company, Telkomsel and seven other
local operators are being investigated by The Commission for the Supervision of
Business Competition (&quot;</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Komisi Pengawasan Persaingan Usaha</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&quot; or
&quot;KPPU&quot;) for allegations of SMS cartel practices. As a result of the
investigations on June </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">17, 2008,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> KPPU found that the Company, Telkomsel and certain
operators had violated Law No.5 year 1999 article 5 and charged the Company and
Telkomsel in the amounts of Rp18 billion and Rp25 billion, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Management believes that there are no such
cartel practices that led to a breach of prevailing regulations. Accordingly,
the Company and Telkomsel filed an appeal with the Bandung District Court and
South Jakarta District Court on July 14, 2008 and July 11, 2008, respectively. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Due to the filing of the case by operators in various
courts, the KPPU subsequently requested the Supreme Court to consolidate the
cases into the Central Jakarta District Court. Based on the Supreme Court's
decision letter dated April 12, 2011, the Supreme Court appointed the Central
Jakarta District Court to investigate and resolve the case.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">There can be no assurance that other subscribers,
people, or partners will not file similar cases in the future, or that we would
not be subject to adverse verdicts which could have an adverse effect on our
business, reputation and profitability.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Forward-looking statements
may not be accurate </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">This Annual Report
incorporates forward-looking statements that include announcements regarding
our current goals and projections of our operational performance and future
business prospects. The words &#8220;believe&#8221;, &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;,
&#8220;project&#8221; and similar words identify forward-looking statements. In addition,
all statements, other than statements that contain historical facts, are
forward-looking statements. While we believe that the expectations contained in
these statements are reasonable, we cannot give an assurance that they will be
realized. These forward-looking statements are subjected to a number of risks
and uncertainties, including changes in the economic, social and political
situation in Indonesia and other risks described in &quot;Risk Factors&quot;.
All forward-looking statements, written or verbal, made by us or by persons on
behalf of us are deemed to be subject to those risks.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font></i></b><b><i><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulation
Risks</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We operate in a legal and
regulatory environment that is undergoing significant change. These changes may
result in increased competition, which may result in reduced margins and
operating revenue, among other things. These changes may also directly reduce
our margins or reduce the costs of our competitors. These adverse changes
resulting from regulation may have a material adverse effect on us.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Reformation in Indonesian
telecommunications regulation initiated by the Government in 1999 have, to a
certain extent, resulted in the industry&#8217;s liberalization, including removal of
barriers to entry and the promotion of competition. However, in recent years,
the volume and complexity of regulatory changes has created an environment of
considerable regulatory uncertainty. In addition, as the legal and regulatory
environment of the Indonesian telecommunications sector continue to change,
competitors, potentially with greater resources than us, may enter the
Indonesian telecommunications sector and compete with us in providing
telecommunications services. Furthermore, it is impossible to anticipate the
regulatory policies that will be applied to new technologies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">We derive substantial revenue from
interconnection services because we have the largest network in Indonesia and
our competitors must pay tariffs to connect to our network. As regulated by the
MoCI, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">although SMS </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">interconnection rates</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> as a result of ITRB No.60/BRTI/III/2014 and No.125/BRTI/IV/2014
increased </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">from Rp23 to Rp24</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, effective April 2014, through December 31, 2016, SMS
interconnection rates have been decreasing prior to that in recent years and
may decrease again in the future</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The termination of Telkomsel&#8217;s premium SMS services
from October 2011 as a result of MoCI Regulation
No.1/PER/M.KOMINFO/01/2009 resulted in a substantial reduction in our revenues
from these services. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">These&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> services were</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> resumed by Telkomsel from August 6, 2013 as allowed under </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI Regulation No.21 year </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2013 dated
July 26, 2013, regarding the Operation of Content Provider Services on Mobile
Cellular Network and Local Fixed Wireless Network with Limited Mobility,</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> as last amended by MoCI Regulation No.6 of
2015, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">which replaced MoCI Regulation
No.1/PER/M.KOMINFO/01/2009</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.
However, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">pursuant to the new decree,
premium SMS service providers are required to meet stricter requirements that
are more
difficult to comply with. Accordingly we do not expect revenues from premium
SMS services to return to levels seen prior to October 2011.</font><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In the future, the Government may announce
or implement other regulatory changes which may adversely affect our business
or our existing licenses. We cannot assure you that we will be able to compete
successfully with other domestic and foreign telecommunications operators, that
regulatory changes will not disproportionately reduce our competitors&#8217; costs or
disproportionately reduce our revenues, or that regulatory changes, amendments
or interpretations of current or future laws and regulations promulgated by the
Government will not have a material adverse effect on our business and
operating results.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The entry of additional
Indonesian telecommunications operators as providers of international direct
dialing services could adversely affect our international telecommunications
services operating margins, market share and results of operations</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We obtained a license and
entered the international long-distance service market in 2004 and acquired a
significant market share for IDD services by the end of 2006. Indosat, one of
our primary competitors, entered this market prior to us and continues to
maintain a substantial market share for IDD services. Bakrie Telecom was
awarded an IDD license in 2009 to provide international long distance service
using the &#8220;009&#8221; access code. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">There
is a possibility that other operators will be granted IDD licenses in the
future. The operations of incumbents and the entrance of new operators into the
international long-distance market, including the VoIP services provided by
such operators as well as smartphone-based VoIP applications, continue to pose
a significant competitive threat to us. We cannot assure you that such adverse
effects will not continue or that such increased competition will not continue
to erode our market share or adversely affect our fixed telecommunications
services operating margins and results of operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We face risks related to the opening of
new long distance access codes</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In an attempt to liberalize DLD
services, the Government issued regulations assigning each provider of DLD
services a three-digit access code to be dialed by customers making DLD calls.
In 2005, the MoCI announced that </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">three-digit access code for DLD calls will be
implemented gradually within five years and that it would assign us the &#8220;017&#8221;
DLD access code for five major cities, including Jakarta, and allow us to
progressively extend it to all other area codes. Indosat was assigned &#8220;011&#8221; as
its DLD access code. We were required to open DLD access codes in all remaining
areas on September 27, 2011, by which date our network was ready to be opened
up to the three-digit DLD access code in all coded areas throughout Indonesia. </font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">However, we believe that the cost
for operators who have not upgraded their network infrastructure to open their
networks to the three-digit access code to do so is significant. To date, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">other than for Balikpapan, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">neither of the OLOs have made a request to us to
connect their networks to enable their DLD access codes to be accessible</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. A</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">s
such, we believe that other than Balikpapan, none of the DLD access codes for
any of the licensed operators are usable by customers of other operators.
However, if they do so in the future, the implementation of any new DLD access
codes can potentially increase competition by offering our subscribers more
options for DLD services. In addition, the opening of new DLD access codes is
expected to result in increased competition and less cooperation among industry
incumbents, which may result in reduced margins and revenues, among other
things, all of which may have a material adverse effect on us.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Regulations for the configuration
of BTS towers may delay the set up of new BTS towers or changes in the
placement of existing towers, and may erode our leadership position by
requiring us to share our towers with our competitors</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">In 2008 and 2009, the Government
issued regulations relating to the construction, utilization and sharing of BTS
towers. Pursuant to the regulations, the construction of BTS towers requires
permits from the local government. The local government has a right to
determine the placement of the towers, the location in which the towers can be
constructed, and also to determine a license fees to build tower
infrastructure. These regulations also oblige us to allow other
telecommunication operators to lease space and utilize our telecommunications
towers without any discrimination. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">These regulations may adversely
affect </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">us </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">in the allocation, development or expansion plan of
our new BTS towers as setting up of our new towers will become more
complicated. They may also adversely affect our existing BTS towers if local
governments require any changes in the placement of the existing towers. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">The requirement that we share space on our
telecommunications towers may also disadvantage us by requiring that we allow
our competitors to expand quickly, particularly in urban areas where new space
for additional towers may be difficult to obtain. Effective 2011, local
Governments are permitted to assess fees of up to 2.0% of the tax assessed
value of towers. Although </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">only several
local government and assessed such </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">fees
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and have not been</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> material, there can be no assurance that they will
not be </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">material&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> in the future. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font></i></b><b><i><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Risks
Related to Our Fixed</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and Cellular</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
Telecommunication Business</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We may further lose wireline telephone
subscribers and revenues derived from our wireline voice services may continue
to decline, which may materially adversely affect our results of operations,
financial condition and prospects</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenues derived from our wireline
voice services have declined during the
past several years mainly due to the increasing popularity of mobile voice
services and other alternative means of communication.</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Tariffs for mobile services have
declined in recent years which has further accelerated substitution of mobile
for wireline voice services. While the number of our fixed wireline subscribers
increased by 3.7% </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">in&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 2014 and 6.0% in 2015,
revenues from our wireline voice services decreased by 2.2% in 2014 3.7% in
2015. The percentage of revenues derived from our wireline voice services out
of our total revenues continued to decrease from 9.4% in 2014 to 7.6% in 2015.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Since the beginning of 2015, we
have taken various steps to stabilize our revenues from wireline voice services
by </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">seeking to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">migrat</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e
subscribers</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> to IndiHome,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> which bundles </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">consist of consisting </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">primarily </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">of </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">broadband
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Internet, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">fixed wireless residential </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">phone (Home Phone), and interactive TV (Cable UseeTV)
services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">However, we cannot assure you that
we will be successful in mitigating the adverse impact of the substitution of
mobile voice services and other alternative means of communication for wireline
voice services or in reducing the rate of decline in our revenues generated
from wireline voice services. Migration from wireline voice services to mobile
services and other alternative means of communication may further intensify in
the future, which may affect the financial performance of our wireline voice
services and thus materially and adversely affect our results of operations,
financial condition and prospects as a whole.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our data and internet
services are facing increasing competition, and we may experience declining
margins </font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and/or
market share </font></i><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">from
such services as such competition intensifies</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our data and internet
services are facing increase competition from other data and internet operators
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">including </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">as mobile operators. The
number of mobile broadband subscribers have increased with the </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increasing&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> popularity</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of smart phones in Indonesia, which</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> adversely affects our market
share and revenues from our fixed </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">line&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
data and internet services.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">with the </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increasing&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> popularity</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of smart phones in Indonesia, we
expect that 4G/</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
long term evolution (&#8220;LTE&#8221;)</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
services will increasingly become an intense
area of competition for data and internet services, as well as cellular
services. </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In
2014, the Government issued license</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">s for</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
LTE / 4G 900 MHz frequency band for cellular operators and in 2015 issued a
policy </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">to r</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">efarm </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">the</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1800 MHz </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">frequency </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">for LTE</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> use</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.
Since our launch
of 4G LTE services in December 2014, as of December 31, 2015, our LTE services
covered 14 cities. However, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">as
of such date, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a
couple of our cellular competitors have 4G LTE coverage in more cities than
us.&#160; </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Further, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">in 2013, the regulator
permitted the Wi-Max operators to deploy the LTE technology </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">which will further intensify
competition in the broadband internet space. Currently</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, First Media</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which is part
of the </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Lippo Group</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, is operating LTE/</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Wi</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">-Max services in the Greater Jakarta
area.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We have been taking various
measures in order to mitigate the impact of intense competition in our data and
internet businesses. However, we cannot assure you that we will be successful
in mitigating such adverse impact. Competition may further intensify in the
future, which may affect the financial performance of our data and internet
services and thus materially and adversely affect our results of operations,
financial condition and prospects as a whole.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">Competition from existing</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;"> cellular</font></i><i><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;"> service
providers and new market entrants may adversely affect our cellular services
business</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Indonesian cellular
services business is highly competitive. Competition among cellular services
providers in Indonesia is based on various factors, including pricing, network
quality and coverage, the range of services, features offered and customer
service. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">W</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ith the </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">increasing&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> popularity</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> of smart phones in Indonesia, we
believe that data network quality and coverage, including 4G/LTE coverage, will
increasingly become an intense area of competition. </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Our cellular services business,
operated through our majority-owned subsidiary, Telkomsel, competes primarily
against Indosat and XL
Axiata. Several
other smaller GSM and CDMA operators also provide cellular services in
Indonesia, including PT Hutchison CP Telecommunications (&#8220;Hutchison&#8221;), </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> PT Smartfren Telecom Tbk
(&quot;Smartfren Telecom&quot;). In addition to current cellular service
providers, the MoCI may license additional cellular service providers in the
future, and such new entrants may compete with us. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">A number of consolidation among
operators in Indonesia have occurred in recent years. In March 2010, PT Smart
Telecom and Mobile-8 announced that they signed an agreement to use the same
logo and brand under the name &quot;smartfren&quot;. On January 18, 2011,
Mobile-8 acquired PT Smart Telecom, and on 12 April 2011, PT Mobile-8 Telecom
Tbk changed its name to Smartfren</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Telecom</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">XL </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Axiata </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">completed the acquisition of a majority
interest in PT Axis Telekom and merged in 2014, which resulted in XL Axiata
becoming one of the three largest operators and also acquiring additional
frequency allocations to implement 4G/LTE technology. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Further c</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">onsolidation among operators </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">may
occur for </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">operators </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">remain competitive, reduce operating costs and
&quot;rebalance&quot; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">the broadband mobile frequency </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">that
require wider frequency band</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">width</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
MoCI also supports operator consolidation, through not issuing additional or
new licenses for cellular players. While operator consolidation may lead to
improved conditions in the cellular telecommunication industry, it also present
challenges for Telkomsel in maintaining its market position</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">6.</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i></b><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Risks
Related to Development of New Businesses </font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">We believe that efforts to develop new businesses other
than the telecommunication business </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">such as digital consumer and enterprise
businesses,</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;"> as well as international expansion are necessary to ensure
continuing business growth. Risks related to new business development include
competition from&#160; established players, suitability of business model, </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">competition from
disruptive new technologies or business models, </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">the need to
acquire new expertise </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">in the new areas of operation</font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">, and&#160; risks
related to online media which include intellectual property, consumer
protection and confidentiality of customer data. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Focusing on</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
international expansion </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">is&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> one of our strategic business intiatives</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. In particular, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">we have started expansion into</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> a number of jurisdictions in telecommunications or data related
areas</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, namely Singapore, Hong
Kong</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Macau, Timor Leste, Australia, Myanmar, Malaysia,
Taiwan, United States of America, Saudi Arabia</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">. We have also entered into a conditional sale and purchase agreement
in May 2015 t</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">o acquire Guam AP
Teleguam Holdings, Inc, the parent company of GTA Teleguam</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, which has </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">voice, mobile, fixed broadband</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
and</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> IPTV</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> operations</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> The acquisition is subject to regulatory approvals</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Expanding
our operations internationally exposes us to a number of risks associated with
operating in new jurisdictions </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">for&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> example, our international operations could be
adversely affected by political or social instability and unrest, by regulatory
changes, such as an increase in taxes applicable to our </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">operations</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">,
macroeconomic instability, limitations on or controls on the foreign exchange
trade, competition from local operators, difference in consumer preferences and
a lack of expertise in the local markets in which we will be in operation. Any
of these factors could cause our expected returns from our expansion to be
limited and could have a material and adverse effect on our business, results
of operations and financial condition.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">C.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Quantitative And
Qualitative Disclosure About Market Risk</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We are exposed to market risks that arise from
changes in foreign exchange rates and interest rates risk, each of which will
have an impact on us. We do not generally hedge our long-term liabilities in
foreign currencies but hedge our obligations for the current year. As of
December 31, 2015. assets in foreign currencies reached 8.64% against our liabilities denominated in foreign currencies. Our exposure
to interest rate risk is managed through a mix of fixed and variable rate
liabilities and assets, including short-term fixed rate assets. Our exposure to
such market risks fluctuated during 2013,
2014, and 2015 as
the Indonesian economy was affected by changes in the US Dollar-Rupiah exchange
rate and interest rates themselves. We are not able to predict whether such
conditions will continue during 2016 or thereafter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Exchange Rate Information</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The following table shows the exchange rate of
Indonesia Rupiah to US Dollar based the middle exchange rate which is
calculated based on the Bank Indonesia buying and selling rates for the
periodes indicated.</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td rowspan=2 width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Calender Year</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">at Period End <sup>(1)</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Average <sup>(2)</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Low <sup>(2)</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">High <sup>(2)</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=7 valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp Per US$1)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,068</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,779</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,185</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,460</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,670</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,380</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,707</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8,892</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,189</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10,451</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,270</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9,634</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=38% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,440</font></p>
  </td>
 <td valign=bottom width=1% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,878</font></p>
  </td>
 <td valign=bottom width=1% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,900</font></p>
  </td>
 <td valign=bottom width=1% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,271</font></p>
  </td>
 <td valign=bottom width=1% style="height:4.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,795</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,392</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,728</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12,444</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">September<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,657</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,396</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,728</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,081</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">October<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,639</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,796</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,709</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,288</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">November<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,840</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,673</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,840</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,461</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">December<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,795</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,855</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14,076</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,615</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">2016 (through March 28)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,323</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,537</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,946</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,020</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">January</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,846</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,889</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,946</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,835</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">February</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,395</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,516</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,757</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,333</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">March
  (through March 28)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,323</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,367</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13,020</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.0pt;">
  <td valign=bottom width=100% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Source : Bank Indonesia<sup>
  </sup> </font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=100% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(1) Determined based upon
  the middle exchange rate  announced by Bank Indonesia applicable on the last
  day for the period.</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=100% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">(2) Determined based upon
  the daily middle exchange rate announced by Bank Indonesia during the
  applicable period.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Under the current exchange rate
system, the exchange rate of the Indonesian rupiah is determined by the market,
reflecting the interaction of supply and demand in the market However, Bank
Indonesia may take measures to maintain a stable exchange rate. For the year
2015, the average rate of rupiah to the US Dollar was Rp13,392 with the lowest
and highest rates being Rp14,728 dan Rp12,444</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The exchange rates used for
conversation of monetary assets and liabilities denominated in foreign
currencies are the buy and sell rates published by Reuters in 2013, 2014 and
2015. The Reuters buy and sell rates, applied respectively to monetary assets
and liabilities, were, Rp12,160 and Rp12,180 to US$1.00 as of December 31, 2013
, Rp12,380 and Rp12.390 to US$1.00 as of December 31, 2014 and Rp 13,780 and Rp
13,790 to US$1.00 as of December 31, 2015</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Consolidated Financial
Statements are stated in Rupiah. The convesion of Rupiah amounts into US Dollar
are included solely for the convenience of readers and have been made using the
average of the market buy and sell rates of Rp 13,785 to US$1.00 published by
Reuters on December 31, 2015.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">On March </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">28</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, 2015 the Reuters bid and ask rates were
Rp13,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">365&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> and Rp13,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">370&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> to US$1.00.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Foreign Exchange Controls</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Indonesia
operates a liberal foreign exchange system that permits the free flow of
foreign exchange. Capital transactions, including remittances of capital,
profits, dividends and interest, are free of exchange controls. A number of
regulations, however, have an impact on the exchange system. For example, only
banks are authorized to deal in foreign exchange and execute exchange
transactions related to the import and export of goods. In addition, Indonesian
banks (including branches of foreign banks in Indonesia) are required to report
to Bank Indonesia any fund transfers exceeding US$10,000. As a State-Owned
Company, and based on the decree of the Head of PKLN, we are required to obtain
an approval from PKLN prior to acquiring foreign commercial loans and must
submit periodical reports to PKLN during the term of the loans.</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">208</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Exchange Rate Risk</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">We are exposed to foreign exchange risk on sales,
purchases and borrowings that are denominated in foreign currencies, primarily
in U.S. dollar and Japanese yen. Our exposures to other foreign exchange rates
are not material. Increasing risk of foreign currency exchange rates on our
obligations are expected to be offset by time deposits and receivables in
foreign currencies that are equal to at least 25% of the outstanding current
liabilities. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The information presented in the following tables is
based on assumptions of selling and buying rates in US Dollar as well as other
currencies, which were quoted by Reuters on December 31, 2015 and applied
respectively to monetary assets and liabilities. The buying and selling rates
as of December 31, 2015 were Rp13,790 and Rp13,780 to US$1, respectively.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">However, we believe these assumptions and the
information described in the following table may be influenced by a number of
factors, including a fluctuation and/or depreciation of the Rupiah in the
future. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=3 width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Exchange Rate Risk</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Outstanding Balance as of December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=11 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Expected Maturity Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=3 width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Fair Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Foreign Currency</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td rowspan=2 valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Rp Equivalent</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rpbillion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2016</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2017</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2019</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2020</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">There After</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=11 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Cash and Cash Equivalents</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">495</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,813</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,813</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,813</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Japanese
  Yen</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">143</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">143</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">143</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Other Current Financial
  Assets</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">419</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">419</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">419</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Trade Receivables</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Related Parties</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Third Parties</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">104</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,437</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,437</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,437</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Other Receivables</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Advances and Other Non-current Assets</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">54</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">54</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">54</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">LIABILITIES</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Trade Payables</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Related Parties</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Third Parties</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">202</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,786</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,786</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,786</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Japanese
  Yen</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Other Payables</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">307</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">307</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">307</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Accrued Expenses</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">475</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">475</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">475</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Japanese
  Yen</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Other<sup>(1)</sup></font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=3 width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Exchange Rate Risk</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Outstanding Balance as of December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=11 valign=bottom width=49% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Expected Maturity Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=3 width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Fair Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Foreign Currency</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td rowspan=2 valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Rp Equivalent</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rpbillion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2016</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2017</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2019</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2020</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">There After</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=11 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Advances from Customer and Suppliers</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" style="font-size:9.0pt;">Current Maturities of Long-Term Liabilities</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">166</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">166</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">183</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Japanese
  Yen</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">768</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">110</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Promissory Notes</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">28</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">28</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Long-term liabilities<sup>(2)</sup></font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">US
  Dollar</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">187</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,586</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">151</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.212</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">104</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">58</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,587</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" style="font-size:9.0pt;">Japanese
  Yen</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,143</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">704</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">352</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">717</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interest
Rate Risk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our
exposure to interest rate fluctuations results primarily from changes to the
floating rate applied for long-term debt. This risk relates to loans under the
Government on-lending program that has been used to finance our capital
expenditures. </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Interest rate
fluctuation is monitored to minimize any negative impact to financial position.
Borrowings at variable interest rates expose </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">our&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Company and our
subsidiaries to interest rate risk. To measure market risk fluctuations in
interest rates, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">our&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> Company </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and our
subsidiaries </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">primarily use
interest </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">margin&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and maturity profile of the financial assets and
liabilities based on changing schedule of the interest rate.</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
actual cash flows from our debt are denominated in Rupiah, US Dollar, and
Japanese Yen, as appropriate and as indicated in the table. The information
presented in the table has been determined based on the following assumptions:
(i) fixed interest rates on Rupiah time deposits are based on average interest
rates offered for three month placements in effect as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015 &nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;by
the banks where such deposits were located; (ii) variable interest rates on
Rupiah denominated long-term liabilities are calculated as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and
are based on contractual terms setting interest rates based on average rates
for the preceding six months on three month certificates issued by Bank of
Indonesia or based on the average three month deposit rate offered by the
lenders; (iii) fixed interest rates on US Dollar deposits are based on average
interest rates offered for three month placements by the various lending
institutions where such deposits are located as of December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015 </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">and
(iv) the value of marketable securities is based on the value of such
securities on December 31, </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">2015</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. However, these
assumptions may change in the future. These assumptions are different from the
rates used in our Consolidated Financial Statements; accordingly, amounts shown
in the table may differ from the amounts shown in our Consolidated Financial
Statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:765.499939pt;">
 <tr style="height:1.0pt;">
  <td rowspan=3 width=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Interest Rate Risk</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Outst</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">an</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">ding Balance as of December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=11 valign=bottom width=51% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Expected Maturity Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=3 width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fair Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Original Currency (million)</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rp Equivalent (Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rate (%)</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2016</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2017</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2018</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2019</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2020</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Thereafter</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=11 width=51% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">ASSETS<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fixed Rate<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Cash and Cash Equivalent<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Time Deposit<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,553,898</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,554</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3.75% - 10.</font><font face="Times New Roman" style="font-size:9.0pt;">50</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,554</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 19,554</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">US Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 342</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,698</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0.10% - 3.00%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,698</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,698</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Other Current Financial Assets<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Time Deposit<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">US Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 289</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0.85% - 0.88%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 289</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 289</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Available-for-sale Securities<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 1</font><font face="Times New Roman" style="font-size:9.0pt;">7</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">,</font><font face="Times New Roman" style="font-size:9.0pt;">102&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">10.4</font><font face="Times New Roman" style="font-size:9.0pt;">0</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">% &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font><font face="Times New Roman" style="font-size:9.0pt;">17&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font><font face="Times New Roman" style="font-size:9.0pt;">17&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">US Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 6.87%-7.25%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 88</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 88</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">LIABILITIES<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Short-term Bank Loans<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Variable Rate<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 436,523</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 436</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 436</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 436</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fixed Rate<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 165,849</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 166</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 166</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 166</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Long Term Liabilities<sup>(1)</sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Variable Rate<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">15,278,703</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">15,279</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,788</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,927</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">5,72</font><font face="Times New Roman" style="font-size:9.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,53</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,430</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">872</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">15,225</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,073,085</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> 4,0</font><font face="Times New Roman" style="font-size:9.0pt;">67&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8.54%-13.00%</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,51</font><font face="Times New Roman" style="font-size:9.0pt;">6&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,</font><font face="Times New Roman" style="font-size:9.0pt;">196&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">766 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font><font face="Times New Roman" style="font-size:9.0pt;">39&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">173 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">7</font><font face="Times New Roman" style="font-size:9.0pt;">7&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">U.S. Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">160 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,210 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">58 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font><font face="Times New Roman" style="font-size:9.0pt;">4&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,100 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,193 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">6 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">8</font><font face="Times New Roman" style="font-size:9.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.52%-2.32%</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font><font face="Times New Roman" style="font-size:9.0pt;">4&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font><font face="Times New Roman" style="font-size:9.0pt;">3&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">7&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fixed Rate<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">10,612,142 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">10,612 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">15</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">120 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">12</font><font face="Times New Roman" style="font-size:9.0pt;">0&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">335 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2,316 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">7,563 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">10,606 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">12,031,057 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">12,03</font><font face="Times New Roman" style="font-size:9.0pt;">2&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5.18%-11.00%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,08</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,072 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,06</font><font face="Times New Roman" style="font-size:9.0pt;">2&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,0</font><font face="Times New Roman" style="font-size:9.0pt;">49&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">955 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">6,806 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">US Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">40 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">537 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">09&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">11</font><font face="Times New Roman" style="font-size:9.0pt;">1&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">111 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">87 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">61 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">58 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">542 </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">5</font><font face="Times New Roman" style="font-size:9.0pt;">6&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.18%-4.00%</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">14 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">11 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">7 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Japanese Yen</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">6,911 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">792 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">88 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">88 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">88 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">88 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">88 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">352 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">827 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=14% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,018 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">117 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3.10%</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">24 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">21 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">8&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font><font face="Times New Roman" style="font-size:9.0pt;">6&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">13 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">25 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td rowspan=3 width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Interest Rate Risk</font></b></p>
  </td>
 <td colspan=5 width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Outst</font></b><b><font face="Times New Roman" style="font-size:9.0pt;">an</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">ding Balance as of December 31, 2015</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=11 width=51% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Expected Maturity Date</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=3 width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Fair Value</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Original Currency (million)</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rp Equivalent (Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rate (%)</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2016</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2017</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2018</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2019</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2020</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Thereafter</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=11 width=51% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp billion)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Finance lease<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="background:yellow;font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Rupiah</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4,547,740 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4,548 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">61</font><font face="Times New Roman" style="font-size:9.0pt;">6&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">660 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">62</font><font face="Times New Roman" style="font-size:9.0pt;">9&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">596 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">614 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,433 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4,548 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,485,381 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1,485 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2.75 &#8211; 15.0%</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">383 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">323 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">259 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">204 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">152 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">164 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">US Dollar</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Principal</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">32 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2</font><font face="Times New Roman" style="font-size:9.0pt;">5&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">7 </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">32 </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Interest</font><sup><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0</font><a href="#_msocom_1" id="_anchor_1" name="_msoanchor_1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:9.0pt;">[t1]</font></u></a><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp; </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4.0 &#8211; 5.8%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">0 </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">- </font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(1) Long-term liabilities consist of loans
which are subject to interest; namely two step loans, bonds and notes and
long-term bank loans, which in each case include their maturities</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=LI></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">LEGAL ISSUES</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In
conducting our business activities, we always take into account the aspect of
compliance with regulations relating to the capital market, as well as
regulations that have relevance to the scope of our business. Nevertheless,
there are some differences in interpretation and implications to our operations
and our business and its subsidiaries, particularly on legal issues related to
land disputes, monopolistic practices and unfair business competition and SMS
cartel practices.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Over the
following legal disputes, Telkom argues that any subsequent investigation or
court decision will not have any material impact to us or our subsidiaries.
Based on management's estimates of the probable outcomes of these cases, we
have reserved up to Rp25,000,000,000, - (twenty five billion) on December 31,
2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
following is an elaboration regarding several important legal cases that we,
the Board of Commissioners, the Board of Directors, and our subsidiarie are
facing.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Legal
Issues Faced by the Board of Commissioners and Board of Directors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">During 2015,
the Members of the Board of Commissioners and Board of Directors who were in
office have not faced any legal issues.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:3.0pt;">
  <td colspan=11 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Legal Issues faced by the
  Board of Directors and Board of Commissioners</font></b></p>
  </td>
 <td valign=top width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td width=38% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Year</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Name
  of Dispute</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Summary
  of Dispute</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Number
  of Lawsuits</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Impact
  to Company</font></b></p>
  </td>
 <td valign=top width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=bottom width=38% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=top width=1% style="height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Legal
Issues faced by the Company</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom and
its subsidiaries faced 8 (eight) lawsuits in 2015, while 5 (five) cases are
final and binding (</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">inkracht</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">), with the following recapitulation:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td colspan=13 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s Legal Issues</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td rowspan=2 valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Status</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Criminal</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Civil</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Criminal</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Civil</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Criminal</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Civil</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In process</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Final and binding</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Sub Total </font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Total </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1</font></b><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">3&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">For
disclosure purposes, we are disclosing the legal issues faced by the Company in
2015, as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Object
  of Dispute</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Type
  of Court</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Status
  of Dispute</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Financial
  Impact</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom as Defendant and KPPU
  as Plaintiff in the case involving alleged violation against Article 5 of Law
  No. 5 of 1999 regarding the Prohibition of Monopolistic Practices and Unfair
  Business Practices</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commission for the Supervision
  of Business Competition (KPPU)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s objection filed at
  the Central Jakarta District Court over the decision of the KPPU has been
  accepted. Currently, KPPU is filing for cassation. Telkom has replied to the
  cassation at the Supreme Court of the Republic of Indonesia </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp18 billion</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkom, the Government of the
  Province of South Sulawesi, Government of the Regency of Gowa, National Land
  Agency, jointy as Defendant and Andi Jindar Pakki, et al, as Plaintiff in the
  Telkom land dispute at Jl. AP. Pattarani, Makassar.</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">District Court</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Judicial Review at the Supreme
  Court of the Republic of Indonesia</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp57</font><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6
  billion</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Legal
Issues faced by Subsidiary Entities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Subsidiary
entities faces 1 (one) lawsuit in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 width="100%" border=0 style="border-collapse:collapse;">
 <tr>
  <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Object
  of Dispute </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Type of
  Court</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Status
  of Dispute</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Financial
  Implications</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=24% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Telkomsel
  along with other Operators are under the investigation of KPPU in relation to
  alleged SMS cartel practices committed by the Operators. KPPU has issued a
  Decision, punishing Telkomsel to pay a fine in the amount of 25 billion,
  against which, Telkomsel has filed an objection to the District Court</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commission
  for the Supervision of Business</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Competition
  (KPPU)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Currently,
  the Company (Telkomsel) is in the process of replying the Cassation filed by
  KPPU at the Supreme Court of the Republic of Indonesia over the objection
  filed by the Company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp25
  billion</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AAT></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">ACCESS AND TRANSPARENCY OF INFORMATION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We perio</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">d</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">ically
disemminate information on the activities and performance of the Company.
Disclosure is conducted with the objective to fulfill the mandate and
provisions of the the financial institution authorities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Activities
that we have conducted in 2015, include, among others, the issuance of press
releases, the publication of the Company&#8217;s performance and business outputs
periodically every three months in national mass media and the convening of
press conferences.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We also
publish Annual Report books distributed to shareholders and other stakeholders.
The submission of periodic reports, publications, punctuality and accuracy of
financial statements are our main priorities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In
accordance with Bapepam-LK regulation No. X.K.1 and Indonesian Stock Exchange
Regulation&#160; No. 1-E VI, as well as to enhance transparency, Telkom aims to
ensure that material information is always published and reported to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">OJK&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
and the Indonesian Stock Exchange. The following table reflects the
implementation of information disclosure in 2015:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=77% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Progress
  of Information Disclosure</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Form of
  Disclosure </font></b></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Announcement
  Publication Advertisement</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=DE-LU style="font-size:9.0pt;line-height:normal;">Quarterly
  Financial Statement Adverstisment </font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Annual
  Report</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Presentation
  of Telkom&#8217;s Performance</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Press
  Release</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">105</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Press
  Conference</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">32</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Media Visit</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=77% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Media
  Gathering</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PNA></a><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PUBLICATION NOTICE ADVERTISEMENT/ANNOUNCEMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">During 201</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">,
Telkom has published </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4 (four)</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> notice advertisements in printed media. The
following is a list of advertisements published by Telkom in 2015 through
publication notice advertisements/announcements that we have conveyed through
mass media in 2015:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2015 Telkom
Advertisement Publications Table</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">No.</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=54% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Information</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Published
  at</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Date
  of Publication</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=54% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Announcement
  of 201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> General Meeting o</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">f&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">
  Shareholders</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Investor
  Daily</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Bisnis
  Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Jakarta
  Post</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">March</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> 11,</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=54% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Annual
  Audited Financial Statement for the 201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> Financial Year</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Investor
  Daily</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Bisnis
  Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Jakarta
  Post</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> March 09,
  201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=54% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Invitation
  to the 201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> Annual General Meeting of Shareholders</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Investor
  Daily</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Bisnis
  Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Jakarta
  Post</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">March 26,
  201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=54% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Resolution
  of the 201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> General Meeting of Shareholders and the schedule and
  procedures regarding the division of dividends for the 2014 </font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Investor
  Daily</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Bisnis
  Indonesia</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Jakarta
  Post</font></p>
  </td>
 <td valign=top width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">April</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> 21,</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> 201</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=4% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=54% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Consolidated
  Financial Statements (Unaudited) Quarter II for Fiscal Year 2015 </font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Investor
  Daily</font></p>
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Bisnis
  Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 03,
  2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=PR></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PRESS RELEASE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As a form of
information disclosure, we constantly provide information through mass media,
among others in the form of press releases. In 2015, Telkom has published 105
press releases as a form of public transparency. The following is a list of
press releases published in 2015:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=79% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">News
  Release</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January
  15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Helps in Assisting the 2015 National Selection for State Higher Learning
  Institutions </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January
  16</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Announces the Winner of the BestAppsID Competition</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The People
  of Batam Can Now Enjoy Indihome 100% Fiber Services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">In the
  Aftermath of the Jakarta Floods, Telkom Group Ensures Smooth Services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Continues to Upgrade Flexi Services to Telkomsel</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  14</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Receives the Best Achievement Award at the Indonesia Best Corporate
  Transformation Awards 2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  18</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">In Support
  of the Indonesian Maritime Fulcrum, Telkom Presents 18 Broadbrand Ports in
  2015 </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  23</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Supports the Tanjung Lesung Digital World as a National Tourism Destination
  Development Center</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  26</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">In Support
  of the Indonesian Digital Creative Industry, Telkom Kicks-off Indigo
  Incubator 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">February
  27</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Consistent in Implementing CSR in the Field of Education</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=79% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">News
  Release</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Keraton
  Kasepuhan Cirebon with Web Commerce and e-ticketing &#8220;When Culture Meets
  Technology&#8221;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  3</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Supports Universitas Terbuka Service Center (SALUT) as a Devotion to
  Education in Indonesia</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom and
  PATA Supports Keraton Kasepuhan Cirebon to be a World Class Heritage Site
  through e-ticketing and Web Commerce</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  4</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The Synergy
  between Telkom and PATA in Supporting the Advancement of Indonesian Tourism</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Indihome
  Fiber Presents Legendary Band Air Supply</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">16</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  11</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Launches Indihome Movie Card</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">PT Telkom
  Supports CSR in the field of Education through the One Pipe Education System
  from the Telkom Foundation</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">18</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March
  18</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Consisten</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">t&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> in Growing Positively Above Industry Standards</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The
  Development of Sea Cable Communications Systems between Indonesia and the USA
  (SEA-US) Commences</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  13</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Supporting
  the Education Field, Telkom Assists in the Success od SBMPTN 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  16</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom is
  Ready to Assist in Ensuring the Success of the 60<sup>th</sup> Commemoration
  of the Asia-Africa Conference</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  17</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Consisten</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">t&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;"> in Growing Positively Above Industry Standards and
  Ready to be the King of Digital</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  22</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Visiting
  Main Commando Post, the Minister for Communications and Information Trust the
  Asia-Africa Conference ICT to Telkom</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">24</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  23</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom and
  the Bandung Municipal Government Signs the KAA Garden Monument at Jl. Dr.
  Junjunan Pasteur Bandung</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  24</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The
  Minister for Communication and Information Surveys the Telkom Main Commando
  Post for the Asia-Africa Conference and Media Center</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">26</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  24</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Support of
  the Telkom Group ICT: from the APEC Summit 2013 to the Asia-Africa Summit
  2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">27</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April
  28</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Bridges the Digital Divide in Indonesia by Providing Digital Acces on Land,
  Sea and Air</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">First
  Quarter 2015, Telkom Records Double Digit Revenue</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">29</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Improving
  the Infrastructure in the Eastern Part of Indonesia, Telkom Develops the
  Luwuk Tutuyan Cable System</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">30</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Presents Smart Building Solution at the Semarang Town Square</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">31</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The Telkom
  IndiSchool-SMART Program Makes Learning Easier</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">32</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">The
  President Inaugurates the SMPCS Sea Cable Communications System in Papua</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">33</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Entering
  into a Cooperation with HKI, Telkom Builds Broadband Industrial Estate</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">34</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  11</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom and
  Pelni Enters into Cooperation in the Development of Information Technology
  System</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">35</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Presenting
  Managed Solutions Services, Telkomtelstra Stands Ready to Operate in
  Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">36</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  19</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Corporate University receives &#8220;Best Overall Corporate University&#8221; at the
  Global Council of Corporate University Awards</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">37</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Telkom
  Actively Participates at the 2015 Asia-Pacific FTTH Conference and Exhibition
  </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">38</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May
  20</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">Supporting
  the Creative Digital Industry, Telkom Partners Up with 56 Startup
  Participants of the 2015 Indigo Apprentice Awards</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">39</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">May 20</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Supporting the
  Digital Creative Industry, Telkom Partners up with 56 Startups Participants
  of the Indigo Apprentice Awards 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">40</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">May 25</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkomtelstra
  Bridges the Australian and Indonesian Business Relationship</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">41</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">May 25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">SOE Synergy,
  Telkom Supports BTN&#8217;s </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Cermat Laku Pandai </font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">Savings Product</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">42</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">May 27</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom and
  Djakarta Lloys Conducts Cooperation in the Procurement of Infrastructure and
  Development of ICT Services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">43</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Ready to Become
  a Global Hub, Telkom Acquires GTA Teleguam</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">44</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Launches
  </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kampung UKM Digital</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">45</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Focused on
  International Business, Telkom Develops Data Center in Singapore</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">46</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 14</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kampung UKM
  Digital </font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">reaches
  Bandung</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">47</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">The
  Operationalization of the Government-owned Data Center and Disaster Recovery
  Center in Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">48</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  Consistent with its Achievements: for June 2015, Telkom Receives Various
  Prestigious Awards</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">49</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">June 30</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom and
  Pelni Inaugurates On-Ship Connectivity Services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">50</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">July 3</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Sharing Moment
  for TelkomGroup with 5000 Orphans and 1000 UMKM</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">July 16</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Minister of
  Communication and Information Monitors Telkom&#8217;s Services Prior to Ied al-Fitr</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">52</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">July 28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Has
  Prepared Back-up Satellite to Address Sea Cable System Disturbances between
  Biak-Jayapura</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">53</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom&#8217;s
  Semester 1 2015 Financial Statement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">54</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Perumnas and
  Telkom Realizes SOE Synergy</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Spreads
  Fighting Spirit Through Free Services and 45% Direct International Call
  Discount</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">56</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 16</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">SOE Tribute to
  Indonesia at the Commemoration of the 70<sup>th</sup> Anniversary of
  Indonesia&#8217;s Independence in West Java</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">57</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  Showcases Premium Products and Services at the </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Indonesia Hebat </font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">Exhibition&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">58</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August 19</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">TelkomGroup
  Synergy Present International Remittance Service in Timor Leste</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">59</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">August </font><font color=black face="times new roman" lang=IN style="font-size:9.0pt;">27&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom made as
  Benchmark in the Implementation of Corporate Culture by ThyssenKrupp AG</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Supports
  &#8220;</font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Bangunan Gedung Hijau</font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">&#8221; Program by Conducting Infrastructure
  Procurement and ICT Integrated Solution Smart Building Services Development
  Cooperation</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=3% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=79% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">News
  Release</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">61</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">SOE Synergy:
  Garuda and Telkom Launches Ticket Payment Services at Indomaret</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">62</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  Nominated as the Best Company on Marketing Three Times in a Row</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">63</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telin Malaysia
  Presents </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kartu As 2 in 1</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">64</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Indonesia Best
  eMark Award 2015, Appreciation for Companies that Optimize the Use of ICT</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">65</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom and
  Intiwhiz Hotel Conducts Cooperation for Digital Hotel Services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">66</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 14</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Supports
  the Digitalization of Indonesian Banking</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">67</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 15</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Partnering with
  T-System, TelkomGroup Develops Airport Management System Solution</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">68</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 17</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkomtelstra
  Presents the First Customer Experience Center in Indonesi</font><font face="times new roman" lang=IN style="font-size:9.0pt;">a&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">69</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">TelkomGroup
  Synergy to Support the Success of Sail Tomini 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">70</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Global Company
  from Korea, Lotte Members Partners with Telkom for Business Cooperation</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">71</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Receives
  Prestigious Award Once Again</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">72</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 24</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kurban</font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">-spirit
  Forms Nation&#8217;s Cultural Values, as a basis in Creating a Just and Prosperous
  Society</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">73</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 28</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Accor Group and
  Telkom Indonesia&#8217;s Synergy, Making Indonesian Tourism Go Global</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">74</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">September 28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Supporting
  Small Creative Industries in Bali through the Digital Innovation Lounge
  (DILo)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">75</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Group
  Takes Home Frost &amp; Sullivan Indonesia Excellence Award</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">76</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 7</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Providing the
  Best Services Approaching Christmas and the New Year</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">77</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Receiving the
  &#8220;Marketing 3.0 Awardee of the Year&#8221;, Telkom is Ready for the ASEAN Economic
  Community</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">78</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 15</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Partnership
  between Telkom &amp; Sony Felica Presents Smartcard System in Indonesia</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">79</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 19</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Hackathon
  Merdeka 2.0, Presentation for the Nation through the Use of ICT</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">80</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Receiving 7
  Awards at the Indonesia Human Capital Study Award 2015: Telkom Nominated as
  the Best Company in the Management of Human Capital</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">81</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Receives
  First Place in Indonesia&#8217;s Top 100 Most Valuable Brands</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">82</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 25</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Hackathon
  Merdeka 2.0 a National Movement to Support Digitalpreneurship</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">83</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Receiving the
  International Business Award 2015, Telkom&#8217;s various Innovation Results in
  International Award</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">84</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Using Every
  Moment to Become a Media Communications Company, Telkom Receives the
  Indonesia Pubic Relations Award 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">85</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">October 30</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  Inaugurates the Mandala Wisata Borobudur Area as the twentieth </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kampung UKM
  Digital</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">86</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">20 years in the
  Stock Market Evidence of Credibility in the Management of the Company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">87</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Receives
  Top Infrastructure 2015 and Top IT &amp; TELCO 2015, The King of Digital is a
  Commitment to Advance the Technology Infrastructure in Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">88</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 9</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  Financial Statement for Quarter III of 2015, Telkom&#8217;s Revenes Increase 15% to
  Rp75.7 Trillion, Cellular Voice and Data, Internet &amp; IT Service Contributes
  to Telkoms Earnings</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">89</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">STARBox
  Supports SOE as Economic Hero</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">90</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Hackathon
  Merdeka 2.0 National Finals, Giving Rise to Solutions to Nation&#8217;s Issues
  Application</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">91</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom
  President Director Sounds the Closing Bell in Wall Street, Telkom is
  Committed to Continues as a Multi-listed Company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">92</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">November 26</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Support from
  ICT Services to Regional Development Banks</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">93</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom Siaga
  dan Peduli Bencana Banjir</font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">, Commitment to Deliver the Best Services
  under any Condition</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">94</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 3</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Bandung Becomes
  First City with Online Services in Every </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">Kelurahan</font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">, Telkom Group
  Supports Fiber Optic Infrastructure and </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">e-Kelurahan </font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">Application&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">95</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 4</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Developing
  Fertilizer Distribution System, Telkom and Bhanda Ghara Reksa Strengthens SOE
  Synergy</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">96</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 7</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Strengthening
  Sea Defense of the Maritime Fulcrum, Indonesian Navy Invites Telkom to
  Develop Satellite Communication System with VSAT Backbone</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">97</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">STARBOX Speeds
  up </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">UKM Goes Digital</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">98</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 15</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Commit</font><font face="times new roman" lang=IN style="font-size:9.0pt;">t</font><font face="times new roman" lang=EN style="font-size:9.0pt;">ed to
  Provide Premium Services, Protecting Christmas and New Year 2016</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Welcoming
  Christmas and New Year through </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">TelkomGroup Berbagi</font></i><font face="times new roman" lang=EN style="font-size:9.0pt;"> Spirit</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 18</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Broadband
  Industrial Estate as Support for Industrial Areas</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">101</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 18</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Approaching
  MEA, Telkom Strengthens </font><i><font face="times new roman" lang=EN style="font-size:9.0pt;">UKM Goes Digital </font></i><font face="times new roman" lang=EN style="font-size:9.0pt;">Education&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">102</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 18</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Customer Trust
  Results in 1 Million IndiHome</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">103</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom &amp;
  PPI Realizes ICT-based Indonesia Trading House </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">104</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 29</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom and
  Posindo Strengthens Synergy in the Utilization of Company Resources</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=3% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN style="font-size:9.0pt;">105</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="times new roman" style="font-size:9.0pt;">December 29</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=79% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:9.0pt;">Telkom is Ready
  to Enter into ICT Outsourcing Portfolio</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:9.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=W></a><font face="times new roman" lang=EN style="font-size:10.0pt;">WEBSITE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom always ensures compliance
towards regulations on information disclosure to the external public. Such
compliance, particularly in the submission of various reports and other
important information that are required to be posted on the website. We manage
a website with the following address: www.telkom.go.id </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Reports as well as other
information that are required to be posted on&#160; the wesbite, are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">1.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Quarterly
Financial Statement Publications;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">2.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Annual
Financial Statement Publications;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">3.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Annual
Statement;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">4.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Company
Management Implementation Reports;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font face="times new roman" lang=EN style="font-size:10.0pt;">5.</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Product
and services Publication.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom continues to develop and
add information access features to the website. The updating of the newest
information is the priority in the management of our website. Furthermore, we
also possess a very good intranet network that enables us to communicate more
actively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">2015 Telkom&#8217;s Website Visitors
Table </font><font face="times new roman" lang=IN style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Month</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Unique
  Visitor</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Number
  Of Visit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hits</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">January</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">439,363</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">813,893</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,126,332</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Febuary</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">417,455</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">754,014</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,104,584</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">462,043</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">833,636</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,267,065</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">April</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">424,010</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">751,299</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,156,191</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">401,027</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">722,840</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,103,417</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">352,285</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">640,690</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">970,352</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">July</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">319,033</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">583,537</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">856,069</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">408,475</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">768,362</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,185,328</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">September</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">425,016</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">815,434</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,301,276</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">October</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">380,709</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">719,857</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,064,946</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">313,222</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">569,422</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">899,409</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">December</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">299,297</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">518,618</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">828,848</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4,641,935</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8,491,602</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12,863,817</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td nowrap valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Average/month</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">386,828</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">707,634</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1,071,985</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=TISMEDIA></a><font face="times new roman" lang=EN style="font-size:10.0pt;">TELKOM
INDONESIA SOCIAL MEDIA</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom is committed to be the
King of Digital and is currently developing all of its digital services. One of
its services is social media, since at the moment, social media users in
Indonesia continues to grow, in terms of both personal and corporate accounts.
As Indonesia&#8217;s largest telecommunications company, Telkom must maintain its
social media presence by providing sustainable updates and information, not
only based on news related to the corporation, but also to convey our values,
vision and mission to the public.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">This can be seen through our 3 official
social media accounts, namely: Telkom Indonesia, Telkom Promo and Telkom Care.
All three accounts are official and have been verified on Facebook and Twitter.
All three accounts are created with different objectives, namely:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom
Indonesia was created to convey Global Information on Telkom Indonesia
(Corporate Image);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom
Promo was created to convey Telkom and Telkom Group&#8217;s Product and Program
Marketing, with a particular focus on IndiHome product information;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom
Care was created as a Care service for Telkom customers, with a particular
focus on IndiHome products.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom has also developed a
Digital Command Center tasked to capture all conversations on social media, in
particular those related to Telkom products and programs. To support Telkom&#8217;s
social media activities, Telkom has also established an internal social media
team, named Social Media Warrior that, until today, consist of 3,634 people,
representing the main office, division offices and regional divisions.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Until December 31, 2015, the
number of @telkomindonesia, @telkompromo and @telkomcare fans and followers are
as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Facebook</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total Fans</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Twitter</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total</font></b><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;"> Followers</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Indonesia</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">84,128</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">@telkomindonesia</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">54,616</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Promo</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">536,435</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">@telkompromo</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">110,662</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Care</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">19,505</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">@telkomcare</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">96,856</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">In each of the three social media
accounts, aside from program activation, such accounts has also served as a
media for interaction for Telkom customers on social media.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Activities conducted among others
include the dissemination of product/program information, knowledge-sharing,
tips, news, greetings, and quizes. From such activities, several trending
topics have surfaced such as the #BUMNutkNegeriEuy campaign, #TelkomMDK, #TelkomKingofDigital,
#IndiHomeTM88, #IndihomeHarpelnas, etc.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The Telkom Care account has
received several awards such as The Best Contact Center Indonesia 2015, The
Best Social Media Corporation, as well as being ranked number 2 for its
Fanpage, as well as ranked number 3 in Indonesia in twitter in terms of
response time, according to Social Baker. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The following displays the
performance of the @telkomindonesia, @telkompromo and @telcomcare social media
accounts for 2015:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td nowrap valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Accounts</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mentions</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Retweets</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">13.805</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">7.695</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Care</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">62.331</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=32% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">10.387</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=bottom width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Telkom Promo</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=33% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">27.714</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=32% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">8.948</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=POTP></a><font face="times new roman" lang=EN style="font-size:10.0pt;">PRESENTATION
OF TELKOM&#8217;S PERFORMANCE</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">We have always presented our
financial performance and other important performances to regulators,
government institutions, stakeholders, as well as other parties planning to
conduct a comparative study on Telkom.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">The presentation of Telkom&#8217;s
performance in 2015, as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td colspan=7 valign=bottom width=99% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance
  Presentation 2015</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">No </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance
  Presentation Material</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=46% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Institution</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance Presentation 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">March 11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Analysts,
  Investors, Media</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance Presentation First
  Quarter 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 7</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Analysts,
  Investors, Media</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Public Expose</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 20</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Analysts,
  Investors, Media</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance Presentation Second
  Quarter 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">August 4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Analysts,
  Investors, Media</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Investor Summit 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia
  Stock Exchange, Analysts, Investors, Media</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Performance Presentation Third
  Quarter 2015</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">November 10</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Analysts,
  Investor, Media</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Other than conducting the routine
performance presentations above, we also present the company&#8217;s performance
materials in 8 conferences and non deal road shows, and 4 times in 2013, as
shown by the table below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Conference</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Date</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Location</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Institution</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia All Access 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jan</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">uary </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">20 &#8211; 21</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Nomura</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia
  Investment Day</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jan</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">uary </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">27 &#8211; 29</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bank
  Mandiri, Mandiri Sekuritas, and Barclays Capital</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">UBS Indonesia Conference</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mar</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ch </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">UBS</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">18<sup>th</sup> Asian Investment Conference</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mar</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ch </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">23 &#8211; 27</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hong Kong</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Credit
  Suisse</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">6<sup>th</sup> Access Asia Conference</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">M</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ay </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">18 - 22</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;">Singapore</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Deutsche
  Bank</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Nomura Investment Forum Asia 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 4 &#8211; 5</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Singapore</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Nomura</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">CIMB 9th
  Annual Indonesia Conference</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">June 11 &#8211;
  12</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">,
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bali</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">CIMB</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;">Indonesia Consumer
  and Lifestyle Conference</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="times new roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Aug</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ust </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">12</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hong Kong</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Credit
  Suisse</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">ASEAN
  Conference </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Aug</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ust </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">24 &#8211; 25</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Singapore</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Macquarie</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia Investor Conference 2015</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sept</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ember </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">9 - 10</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Citi</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Indonesia
  Corporate Day</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Oct</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ober </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">5 &#8211; 6</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">London</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mandiri
  Sekuritas &amp; Barclays</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Investor
  Gathering</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dec</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ember </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">23 &#8211; 24</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">New York</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Deutsche
  Bank</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Non Deal Roadshow</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Date </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Location</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">Institution</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">Non Deal Roadshow with BAML </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Mar</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ch </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">25 &#8211; 26</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Hong Kong</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bank of
  America Merril Lynch</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">Non Deal Roadshow with Bahana Securities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">May 21</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Jakarta</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bahana
  Securities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Non Deal
  Roadshow with BAML</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Oct</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ober </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">1 &#8211; 2</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">London
  &amp; Edinburg</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Bank of
  America Merril Lynch</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">Non Deal Roadshow with Deutsche Bank</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Dec</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">ember </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">16-20</font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">San
  Fransisco, Boston, New York</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Deutsche
  Bank</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=TOIC></a><font face="times new roman" lang=EN style="font-size:10.0pt;">TRANSPARENCY
OF INTERNAL COMMUNICATIONS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom continuously creates
two-way communication through various communication media to support the
achievement of performance objectives in the framework of creating a condusive
internal communication climate. Among others through portal.telkom.co.id and
Kampiun.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=DABMAE></a><font face="times new roman" lang=EN style="font-size:10.0pt;">DIALOGUE
ACTIVITIES BETWEEN MANAGEMENT AND EMPLOYEES</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">To create a good communications
climate between the management and employees, several dialogue activities
between management and employees have been conducted through visits by the
Board of Directors to the Division offices and Telecommunication Areas in
various internal events. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><a name=RWS></a><b><font face="times new roman" lang=EN style="font-size:10.0pt;">RELATIONS
WITH STAKEHOLDERS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Acknowledges
and understands the needs and expectations of stakeholders and attempts to
fulfill them using the existing resources in maximum is an important part of
GCG to realizing the equality of justice for stakeholders.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Through the
corporate culture of &quot;The Telkom Way&quot;, the management tried to
cultivate the values and culture of the Company by way of acknowledgement among
employees with reagrd to the values that must always be communicated to all
stakeholders and make it as a center of inspiration, including norms and
principles of corporate governance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
followings are the identification result of stakeholders&#8217; expectations:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=21% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Stakeholders</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=78% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Stakeholders&#8217;
  Expectations</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Customers</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Level of satisfaction of
  products and services</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Accuracy and transparency
  billing and operations</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Products and services
  sustainability guarantee </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Shareholders</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Always distribute
  dividends to the shareholders</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Trends in the share price
  continues to rise</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Always adapt to a new
  environment</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Win the market and always
  ready to compete </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Continuity of financial
  performance growth </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Business expansion
  governance guarantee </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">World class management
  practices</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Employees</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Welfare of employees</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">A good place for a career</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Government</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Compliance with
  government regulations</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Transparency and tax
  complianc</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Be an example for
  State-Owned Enterprises </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Participating
  inincreasing the GDP</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Competitors</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Fair business competition</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Establish mutual business
  partnership </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Sharing of resources to
  reduce costs </font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Investors &amp; Financial
  Communities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Transparency of the
  company&#8217;s reports</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">The Company&#8217;s financial
  reports that are reliable</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Public</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=78% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Employment&nbsp;</font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Multiplier effect of
  economy </font></p>
  <p style="margin-bottom:.0001pt;margin-left:22.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=IN style="font-size:9.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Provide a positive impact
  for the public</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><a name=BEACC></a><b><font face="times new roman" lang=EN style="font-size:10.0pt;">BUSINESS
ETHICS AND CORPORATE CULTURE </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN style="font-size:10.0pt;">Telkom individuals always uphold
the morals and ethics as the foundation for the implementation of GCG. As time
goes by in our effort to manage GCG, the implementation of GCG has formed legal
awareness and created employees who are sensitive to social responsibility and
loved by customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Code Of
Conducts</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">As a
guideline for all individuals behavior of the Company, Telkom has issued a
Board of Directors&#8217; Resolution No.KD.201.01/2014 regarding Business Ethics in Telkom
Group Environment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">By the
issuance of the Business Ethics Guidelines, we have a set of business ethics,
which is the standard behavior of employees in dealing with customers,
suppliers, contractors, fellow employees and other parties that have a relationship
with the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Code of
Ethics Enforcement Application for Board of Commissioners, Board of Directors
and Employees</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">According to
the provisions of the Sarbanes Oxley Act (&quot;SOA&quot;) 2002 section 406, we
carry out the code of conduct which applies to all levels of the organization,
namely, the Board of Commissioners, Board of Directors and other key officers
and all employees who can be seen in our website: </font><u><font color=windowtext face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">http://www.telkom.co.id/</font></u><u><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">hubungan-investor/tata-kelola</font></u><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">-perusahaan/kode-etik/
..</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We will also
inform any change or waivers from the code of ethics through the website.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Socialization
and Business Ethics Enforcement Efforts</font></b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Understanding
and efforts to remind employees about values and ethics of business is carried
out through the dissemination of information materials and assessment which
undertaken every year. Such materials relating to the understanding of
corporate governance, business ethics, integrity pact, fraud, risk management,
internal control (&quot;SOA&quot;), whistleblowing, prohibition on gratuities,
IT governance, ensuring information security and other integrated matters
related to corporate governance practices.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The efforts
are conducted through a business ethics survey program with the population of
all employees. The survey was conducted online, through the portal
media/intranet, which concluded with a willingness statement of employees to
conduct the business ethics. The understanding and implementation of the
business ethics and survey results are annually audited, both internally and
externally, through the SOA 404 audit process associated with the application
of appropriate control environment in accordance with the COSO framework during
the internal audit control of the entity's level.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Values Of
Coprporate Culture</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
Corporate Culture is fully formulated as follows:</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img height=282 src="x16040107551700.gif" width=538>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Philosophy
to be the Best: Always The Best </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Always
the Best</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is a basic belief to
always provide the best in each work. The essence of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Always the Best</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is
&quot;Ihsan&quot; which in this sense is translated as &quot;(the) best&quot;.
Employees who have </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Ihsan&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> spirit will always deliver a better outcome of
work than it should be, so as the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Ihsan&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> attitude is automatically be
guided by a sincere heart. It is when any activity performed as a form of
worship to God Almighty.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Philosophy to be the Best: Integrity, Enthusiasm,
Totality </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Always
the Best</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> demands every member
of Telkom Group to have the integrity, enthusiasm, and totality.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Principles to be the Star: Solid, Speed, Smart </font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Principles
to be the Star</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
Telkom Way</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is the 3S, namely, Solid, Speed, Smart which also became </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">core
values</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> or </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">great spirit</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Solid - All
members of Telkom Group must provide their best (Always The Best) and increase
solidarity among all members of Telkom Group as a Great Team.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Speed &#8211; All
members of Telkom Group must work quickly in every opportunity to win the
competition. Because of the fast will beat the slow. &quot;Our speed is our
competitive advantage.&quot;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Smart - All
members of Telkom Group are expected to work smart, to understand the
objectives, set priorities and are always looking for new and better ways to
achieve the goals.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="times new roman" lang=IN style="font-size:10.0pt;line-height:normal;">Practices to be
the Winner : Imagine - Focus &#8211; Action</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Practices
to be the Winner</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
Telkom Way</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is IFA, namely, Imagine, Focus, Action as the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Key Behaviors</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Socialization
of corporate culture is carried out in top-down mechanism by setting the Unit
Executives to become Role Models and by Appointment of a Change Agent in each
unit. To activate the corporate culture, 2015 has been deignated as the Year of
Cultural Activation which aimed to internalize the corporate culture on
employee&#8217;s daily behavior.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The 2015
Culture Activation Program is organized in a Calendar of Event as follows:</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img height=333 src="x16040107551701.gif" width=412>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">To provide
the same perception to the Change Agents, a Culture Agent Onboarding program
had conducted which followed by the entire Change Agents totaling 263 person
from Telkom and 85 person from the Subsidiaries.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Acceleration
of cultural activation activities is carried out by establish a Cultural
Provocation Activation Community (</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Kipas</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">) in every unit that is managed
directly by the Role Models and Change Agent in the related unit. In 2015 has
formed 147 </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Kipas Budaya</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">. Monitoring of </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Kipas Budaya </font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">activities in
the Unit conducted by online using a Telkom Knowledge Management System called
KAMPIUN.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In order to
motivate employee involvement in the activation of cultural activities, a
series of Culture Festival activities was carried out in October and November
which aimed to appreciate the units or employees who are the most active in
activating The Telkom Way culture in the employees&#8217; work behavior in their
units. In this activity, a unit has been chosen as the Most Admired Culture
Activation Unit and an Employee as The Most Inspiring Role Model as well as The
Most Inspiring Culture Agent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Evaluation
of the effectiveness of culture implementation is carried out by using Entropy
Survey. Entropy Survey results in 2014 was 9% and in 2015 remained 9%. This
indicates that the level of corporate culture is in the PRIME or HEALTHY
category.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">Evaluation
Of The Implementation Of Business Ethics And Corporate Culture</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Each year,
we conduct an internal survey to know the effectiveness of our corporate
culture and business ethics, we have called it a Business Ethics Family Survey.
Some of the questions addressed to employees through online mechanism in order
to reach all employees quickly, which includes: GCG, Business Ethics, The
Telkom Way Values, anti-fraud , internal controls, the integrity pact,
whistleblowing systems, and others. The survey results in 2011, 2012, 2013,
2014 and 2015 are 74.87 points, 79.07 points, 75.80 points, 89.35 points and </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">97,15&nbsp;</font><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> </font></b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">points, respectively, from 100 points of scale. The
survey result in 2015 increased by</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">
7</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">8&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> points from the
previous year. This illustrates that the level of employees' understanding on
business ethics is increasing from year to year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=VRSWS></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">VIOLATIONS REPORTING SYSTEM (WHISTLEBLOWING
SYSTEM)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">As part of
the entity level controls, since 2006 we have implemented a whistleblower
program that is designed to receive, examine and follow up complaints from
Telkom Group employees and third parties while maintaining the confidentiality
of the whistleblower. Implementation of whistleblower programs is managed by
the Audit Committee, established by the Board of Commissioners&#8217; Resolution and
ratified by the Board of Directors&#8217; Resolution.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SUBMISSION
AND VIOLATIONS REPORTING </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">Telkom Group employees or third parties may submit
complaints regarding accounting and auditing issues, policy violations,
allegations of fraud and/or corruption, and code of ethics violations, directly
to the President Commissioner or to the Chairperson of Telkom&#8217;s Audit Committee
via email, fax or mail to the address as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">Email</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">: </font><font face="Times New Roman" style="font-size:10.0pt;">ka301@telkom.co.id&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">Fax</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">: </font><font face="Times New Roman" style="font-size:10.0pt;">(62-21) 527
  1800</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">Website</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">: </font><font face="Times New Roman" style="font-size:10.0pt;">www.</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">telkom.co.id&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">Letter</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=82% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">: </font><font face="Times New Roman" style="font-size:10.0pt;">Audit
  Committee </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">  PT </font><font face="Times New Roman" style="font-size:10.0pt;">Telkom
  Indonesia Tbk</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> (Persero)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">  Graha Merah Putih, 5<sup>th</sup> Floor</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">  Jl. Jend. Gatot Subroto Kav.52, Jakarta 12710</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:115%;">Complaints
must qualify the following requirements:</font></p>

<p style="margin-bottom:.0001pt;margin-left:40.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-40.0pt;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Submitted via website, email, fax or mail;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Providing information on issues of internal
control, accounting, auditing, policy violations, allegations of fraud and/or
corruption, and violations of the code of ethics;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN style="font-size:9.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The information reported must be supported by
evidences that are sufficient and reliable as an initial data for further
investigation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PROTECTION FOR WHISTLEBLOWERS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom showed a strong determination to provide
protection for whistleblowers through the Resolution of the Board of Directors
No.D.48/2009 that ensuring the confidentiality of the whistleblower, both
employees and third parties who submit complaints or reports of alleged
violations</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">COMPLAINT MANAGEMENT OFFICER</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Whistleblower
Protection Officer (&quot;WPO&quot;) is a member of the Audit Committee who
assigned to handle complaints by:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Receiving Complaints;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Administering Complaints;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Preliminary verification, whether Complaint is
in accordance with the criteria or not; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Monitoring the Followed-up Complaints.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In a
meeting, the Audit Committee determines the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Approving whether the Complaint received should
be Followed-up or not;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Approving whether the Complaint should be
followed up to Internal or External affairs; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Assessing whether the Followed-up Complaint
has sufficient or not.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Internal
Auditors play a role in:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Conducting preliminary examination on
Complaints received; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Creating Preliminary Examination Report and
submit it to the President Director with a copy to the Audit Committee.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
Investigation Committee plays a role in:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Conducting Investigation on Complaints; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Creating a report of Investigation Results and
submit it to the President Director with a copy to the Audit Committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">NUMBER OF COMPLAINTS VIOLATION AND RESPOND</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">During 2015,
the Audit Committee responded to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> complaints received and qualifed with
categories of complaints related to accounting, internal control, regulatory
violations, suspected fraud and violations of the code of ethics.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
use and the results of the w</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">histleblowing
system:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Description </font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Amount</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Remarks</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Number of complaints</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Complaints received</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Qualify </font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Complaints qualified to respond</font></p>
  </td>
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  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">COMPLAINTS HANDLING</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Complaints
handling is to comply with the OJK Rules No.IX.1.5 and Sarbanes-Oxley Act 2002
Section 301 regarding the Public Company Audit Committee, which should be
placed in the framework of GCG improvement. Therefore, complaint requirement is
necessary to keep the complainants who submit complaints in a full sense of
responsibility and not defamatory that could defame the reputation or good name
of a person.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The Audit
Committee will follow up on complaints of third parties, including and
especially those from Telkom Group employees relating to:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">a.</font></i><i><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></i><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Accounting and Auditing</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160; Accounting
issues and internal control over financial reporting which could potentially
result in material misstatements in the financial statements and audit issues,
especially related to the independence of the Public Accountant.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Violation of
Regulations</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160; Violations of
the capital market laws and regulations pertaining to the operation of the
Company as well as violations of internal regulations that could potentially
resulting in losses.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Fraud and/or
corruption allegation</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160; Fraud and/or
allegations of corruption conducted by our officials and/or employees.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">d. &#160; </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Code
of Ethics</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Behaviour of Directors and Management that are
not commendable may potentially tarnish the reputation of Telkom or result in
losses for us. The behaviour of Directors and Management that are not
commendable, namely, among others, conflict of interes</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">t&nbsp;</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> with
Telkom, or provide a misleading information to the public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Telkom has
also developed a working mechanism between the Audit Committee by Internal
Audit and Investigation Committee, including protocols with Telkomsel to follow
up on complaints received. In addition, the whistleblower program has also been
socialized and has been understood by employees.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">CHART OF HANDLING COMPLAINTS OF TELKOM AND ITS
SUBSIDIARIES</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><img height=417 src="x16040107551800.gif" width=602></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=COGI></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">CONSISTENCY OF GCG IMPLEMENTATION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In our
environment, understanding of GCG continues to improve as in line with the
experience and lessons learned for managing GCG. We believe that GCG is a
dynamic system and from time to time should be strengthened and updated to
conform with the changes of business and business environment. By continuously
updated, the GCG implementation is expected to contribute significantly to
support the growth of the business and not the other way, which is considered
as an impediment to organizational agility.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">GCG
implementation is integrated with compliance management, risk management and
internal control. This practice requires us to be able to manage GCG to be in
line with business performance management. The implementation of risk
management was not easy and takes time to master the competencies, gain
accuracy in recognizing the risk of the industry and the organization, and be
able to make a risk culture as part of the culture of the employees.
Eventually, by dint of seriousness, consistency and patience of management,
obtained results of the current risk management which has given a new color and
contribute positively to the process of planning, decision-making and
strengthening the implementation of GCG in Telkom Group.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Some major
activities that maintained the consistency of its application to support GCG
practices which in line with business management are includes:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PERFORMANCE MANAGEMENT SYSTEM</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">To embody
the GCG principles, accountability principle in particular, we manage the
employee performance accountability in an Employee Performance Management
System through a Company policy PR.208.01/r00/PS730/COP-J2000000/2014. As the
intent and purpose of the enactment of this policy, the objective, fair,
transparent, and integrated principles that applied by referring to the
guidelines of measurement and assessment of responsible performance in&#160; the
mechanism of management contract/individuals performance system through the
establishment of performance indicators according to the scope of duties and
role of the units and individuals in the organization and the establishment of
agreed targets which refer to the Company's performance targets as set out in
the Company's annual plan.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Target
performance is gradually lowered at the level of the unit, sub-unit to the
employee by taking into account the principles of Specific, Measurable,
Achievable, Realistic, and Time Related (&quot;SMART&quot;), while the
evaluation is performed on a regular basis (daily, weekly, monthly, quarterly,
annually) in accordance with the performance indicators measured in
management's review mechanism, which is supported by some applications online
information systems.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">APPLICATION OF INTEGRITY PACT AND STRENGTHENING ANTI
GRATIFICATION EFFORTS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Consistency
of application of the Integrity Pact has started since issuing a policy in 2009
that sharpen the application of GCG, particularly with regard to the GCG
implementation area, namely, code of integrity, business ethics, avoiding
conflict of interests, prohibition on gratuities, prohibition on transactions
with the insiders, maintaining confidentiality of information, prevention of
actions to enrich themselves or other party that adversing financial company in
the area of procurement and partnership, service integrity and corporate
financial report integrity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Initiatives
to sharpen/strengthen GCG through Integrity Pact policy, is still deemed
necessary to give special attention to the specific areas related with the
prevention of potential financial loss of the Company and for the realization
of &quot;island of integrity&quot; as one of the tools or instruments of
bureaucratic reform and prevention for Corruption, Collusion and Nepotism (CNN
or &quot;</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KKN</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&quot;) with the concentration of efforts on the creation of
transparency, accountability and participation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In a general
interpretation, Integrity means consistency and unwavering persistence in
upholding the noble values and beliefs. A leader who has integrity will gain
trust from its corps. According to some references, Integrity simply means the
only belief against its values embraced by the mind and the action performed. A
person of integrity have beliefs, minds and actions that are intact and have
compatibility of each other.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">PROCESS MANAGEMENT WITH ISO STANDARDS</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Since 1996, we have consistently been implementing a
quality management system based on ISO standards and in 2001, the application
is integrated with the criteria of performance advantage in Malcolm Baldrige
basis. Both application of the quality management systems (ISO and Malcolm
Baldrige) is none other than to establish governance process and accountability
for performance through the implementation of discipline process and good
documentation in ISO basis and the improvement of performance advantages of the
Company which refers to the assessment performance excellence in Malcolm
Baldrige basis. In 2013, the Company assessed its performance advantage by KPKU
assessment Team from the Ministry of State-Owned Enterprise and internal
assessment (self assessment) is conducted at the level of Business
Unit/Division .</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Certification
of IMS (Integrated Management System : ISO 9001, IS0 27001 and ISO 22301) by
obtaining simultaneously THREE ISO CERTIFICATES, namely ISO 9001 Quality
Management System (QMS), ISO 27001 Information Security Management System
(ISMS) and ISO 22301 Business Continuity Management System (BCMS).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">CORPORATE GOVERNANCE PLANNING APPLICATION</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Consistency
to manage a good planning is one of the main concerns of management in
implementing GCG. At the discretion of the Company, the management try to
ensure that the planning of the Company is performed with more systematically,
not complicated, orderly, integrated, conformed with the vision and mission of
the Company, and can be carried out properly in accordance with what had been
planned in advance; also, easy to evaluate and control during the execution
later.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Generally,
model of corporate planning consists of 3 (three) stages of planning, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">1. Conformation with stakeholder expectations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2. The formulation of corporate strategy
(strategic formulation).</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">3. The implementation of business strategy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">GCG's role
is to guarantee and ensure that the entire process and planning activities can
be well-performed, accountable, transparent and able to provide a sustainable
added value for the Company, and certainly, not contrary to the interests of
all stakeholders.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In order to
constantly updating the development and dynamics of the business and
operations, the company performs an update on the company&#8217;s planning policy through
the Company's Strategic Planning System number. PD.105.00/r.00/HK.200/COP-D0030000/2014
dated January 28, 2014.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">APPLICATION OF IT GOVERNANCE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">As a company
engaged in the business of information and customers&#8217; data/information
distribution whose security must be guaranteed, we always try to take advantage
of the widest possible use of technology in the management of the company as
directly improving the quality of implementation of corporate governance. Almost
all points in the value chain of the company, which includes network operation
of the entire infrastructure of production tools, all important aspects of
management such as finance, logistics, human resources as well as services to
the employees, customers, suppliers and other stakeholders, have been
integrated into the IT network.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Framework
for the management of IT governance refers to the Control Objectives for
Information and related Technology (&quot;COBIT&quot;) version 5.0, which
adapted into the company regulation under number PD
404.00/r.00/HK-200/COP-C0300000/2014 dated 15 July 2014 regarding Guidelines
and General Policy of Information Technology Governance of Telkom Group which
aimed, among others, to provide the controlling principles in the governance
and management of IT that includes 5 (five) main principles as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Compliance with the needs of stakeholders (meeting
stakeholder needs);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Covering the whole process of the company in
end-to-end basis (covering the enterprise end-to-end);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Implementation of a single integrated framework
(applying a single integrated framework);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">4.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Overall pattern approach/holistic approach (enabling a
holistic approach);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">5.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The separation between governance and management of IT
(separating governance from management).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">One of
purpose of this decision is to provide clear direction that the governance of
Information Technology (IT) solely based on the creation of value (value
creation) which is based on the needs of the Company&#8217;s stakeholders
(stakeholder needs) by way of realizing the business benefits (benefit
realization), optimization in the management of risk (risk optimization) and
optimization in the management of resources (resource optimization).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The other
purposes of this decision are to increase the effectiveness and efficiency of
business processes of IT, IT productivities, availability of information that
is complete, comprehensive, accurate and punctual to support the management in
decision making process, in order to fulfill the business needs, improving
performance and the Company's growth sustainable.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Governance
implementation in the operational environment is performed by applying IT
General Control (ITGC), which includes domain process of Program Development
(PD), Program Change (PC), Access to Programs &amp; Data (APD) and Computer
Operation (CO). Some examples of IT governance practices in the operation of
the Company are management of change requests, management of user access
review, password management, management of audit log/audit trail, management of
security systems, and management of end user computing.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">For
completeness of IT governance policies, a several other regulations have also
been regulated, such as, the Company&#8217;s Regulation with regard to security of
information systems, Standard User Access, Standard IT Services (under ISO
20000 basis), Standard for IT Service Continuity Management (based on ISO
27031), Standard for Application Development of Information System with
consideration on the security aspects (Secured Software Development Life cycle)
and other procedures related.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The Strategy
and IT Governance Unit is the Company&#8217;s structural work unit which responsible
to strategize and planning for the Company&#8217;s IT and the establishment of IT
Governance of the Company, beginning from the policy, standards, as well as the
socialization and implementation process in practice with monitoring mechanism
and the evaluation of the effectiveness of implementation. Meanwhile, the
management of the company&#8217;s IT operations ia performed by IT management Unit, which
are, among others, is responsible for managing the services and components of
IT services, both in the sphere of software and hardware, including the
development of IT services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">IT Audit</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In ensuring
compliance with IT governance, we performed internal and external control.
Internal unit in question actively participate in ensuring the implementation
of the design of controls to operate effectively through the implementation of
Control Self Assessment (CSA) Key Control (KC) ITGC attached to the unit periodically
by involving internal Quality Control unit. Furthermore, Internal Audit and
External Audit conducted an audit on the implementation of KC ITGC entire unit
that implements the KC.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Through
various consistent efforts across all layers of organization, which includes
the phases of design, planning and operation as well as monitoring, and with
strong commitment of the management and all stakeholders, respectively since
2010, has been able to maintain the achievement of Zero Control Deficiency in
cycle/coverage of ITGC. This achievement result reflects the implementation of
IT governance through the implementation of ITGC in a company which has been
able to run effectively.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><img height=240 src="x16040107551801.gif" width=398>&nbsp;</p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">IMPLEMENTATION OF E&#8211;PROCUREMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">As a
commitment to implement GCG and Integrity Pact, to date, we continue to
consistently manage the procurement process and partnership with the use of
e-auction system through applications that minimize physical contact between
the supplier/partner and the committee due to the whole tender and negotiations
process have been conducted by computer basis that takes place fair and
transparent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">We do the
selection of suppliers through three main stages, namely Registration of Suppliers
where the Supplier register online through the application of Supply Management
and Logistics Enhancement (&quot;SMILE&quot;), followed by the Selection of
Suppliers where we conduct assessment of the supplier in accordance with the
classification of the business and some other criteria that generating rank and
short-list and determination of Eligible Bidder, in which the suppliers that
entitled or will be involved to continue the procurement process.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Some of the
benefits that have been obtained, among others, the timeliness of the tender
process, determination of prospective tender participants which electronically
determined according to the requirements as specified, electronically winner
selection, and other benefits associated with the process quality which is
improving, reasonable prices, fairness, transparency and preventing any
intervention.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">DEVELOPMENT OF HUMAN RESOURCES COMPETENCE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Changes in
the business portfolio from Infocom to TIMES has implication on shift necessary
competence. The competence and ability of human resources (&#8220;HR&#8221;) are a few of
important element that must be considered in order to achieve GCG practices.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In the
implementation, knowledge management is focused on creating business value that
generates sustainable competitive advantage by optimizing the process of
creation (acquisition), sharing and utilization of knowledge as required by the
company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">In order to
support the process of managing such knowledge, we have been providing
Knowledge Management System named KAMPIUN, which is a data bank (repository) as
a medium for every employee to improve their insight and knowledge by uploading
or downloading through the system, therefore, we expected it would be a
solution to the diverse problems of work, which in turn encourages the growth of
productivity and quality of work.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The final
goal of knowledge management is the creation of a learning organization, which
is a condition where the organization will remain operating without creating
dependence toward certain employees by projecting itself into a knowledge based
enterprise through a transformation of Learning Center as a unit of learning
with conventional methods into a Corporate University (&quot;CorpU&quot;),
which is a vehicle for improving the competence that can support the business
needs of the Company in order to form a center of excellent human capital with
international standard in the TIMES industry that can support the improvement
of business performance and the implementation of a new culture with the
tagline &quot;from competence to commerce&quot; which has a meaning that any
competent employees will advance the business.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Kindly refer
to the section of Management's Discussion and Analysis on Telkom Performance -
Functional Overview - Human Resources for more detailed information on the
development of HR competencies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">OWNERSHIP MANAGEMENT INFORMATION
AND INTANGIBLE ASSET</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Any
information and all intangible assets, including research, technology, and
intellectual property rights earned by the assignment and/or at the expense of
the company are reserved as the property of the Company. We have a Regulation
regarding the Management of Intellectual Knowledge and Intellectual Property
Rights in accordance with No.PD.605/2011. As the intellectual properties are
being protected and managed, it is expected to increase income and sustaining a
competitive advantage. Creativity and innovations on the existing or new
products and services are reserved as the assets of the company. We manage the
database which includes creation, brands, industrial designs, inventions, trade
secrets, copyrights, trademark rights, rights to industrial design, patent and
trade secret rights. The company is routinely manage a wide range of activities
which are the intangible assets, such as innovation through a portal:
http://inovasi.telkom.co.id that can be accessed by all employees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:11.0pt;">FOLLOWING UP ON COMPLAINTS FROM THE CUSTOMER AND COMMUNITY</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:0pt;line-height:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In conditions where the telecommunications business
has reached a saturated point, the expectations of various stakeholders
presents a challenge in implementing GCG. From time to time, customers and the
general public have expressed their criticisms or complaints regarding
industrial and telecommunication services, among others, the tariff war which contributed
to the decline in ARPU and the decrease in the quality of service, complaints
in invoice and billing services, the phenomenon of pulses suction and others.
We use this feedback to evaluate and improve the quality of our services and
immediately respond to and follow up on any complaints of the customers and the
public because we commit to consistently </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">prioritize </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ethical business
practices and provide customer service satisfaction to our customers and other
stakeholders.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=SDOGPI></a><b><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">SIGNIFICANT
DIFFERENCES OF GCG PRACTICES IN INDONESIA AND NYSE STANDARDS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The
following are briefly outlines of the general summary of significant
differences between the corporate governance practices in Indonesia and under
requirement by the NYSE listing standards.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">A.</font><font face="times new roman" lang=EN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">INDONESIAN LEGAL REVIEW</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Indonesian
public companies are required to observe and comply with corporate governance
practices that have been applied. The requirements and standards of corporate
governance practices for public companies are regulated under the Limited Liability
Companies Law (the &quot;Company Law&quot;) No.40/2007, Law No.8/1995 on
Capital Market (the &quot;Capital Market Law&quot;), Law No.19/2003 on
State-Owned Enterprises </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">(BUMN)</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">, Regulation of the State Minister of
State-Owned Enterprises No.PER-09/MBU/2012 regarding the Amendment of the
Regulation of the State Minister of State-Owned Enterprises No.PER-01/MBU/2011
regarding Implementation of Good Corporate Governance on State-Owned
Enterprises, the FSA</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> (OJK)</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> Rules and the regulations issued by the </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">BEI</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">.
In addition to these regulations, the articles of association of public
companies incorporate provisions aimed at the implementation of corporate
governance practices.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">On November 30, 2004, the Government
established the National Committee on Governance Policy (NCG or </font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#8220;KNKG&quot;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">)
under the regulation of the Coordinating Minister for Economic Affairs
No.KEP-49/M.EKONOM/1/2004. The establishment is a form of revitalization of the
National Committee on Corporate Governance (NCCG or &quot;</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KNTKP</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&quot;)
which was established in 1999. The purpose of the NCG/</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KNKG&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> is to improve
the understanding and implementation of corporate governance in Indonesia and
to advise the Government on matters related to the management of data, both in
corporate sector and in public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">NCG/</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KNKG&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;"> formulated the 2006 Code of
Corporate Governance (the &quot;Code&quot;) which recommends a more stringent
corporate governance standards for Indonesian companies, such as the
establishment of the independent audit Committee, nomination and remuneration
Committee by the Board of Commissioners, as well as an increase in the scope of
the disclosure obligations Indonesian companies. Although the NCG/</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">KNKG&nbsp;</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">
recommends that the Code to be applied by the Government as a basis for legal
reform, however, as of the date of the conclusion of this annual report, the
Government has not yet issued regulations that fully implement these
provisions.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; COMPOSITION
OF INDEPENDENT DIRECTORS AND COMMISSIONERS </font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The NYSE listing standards require that the
Board of Directors of companies listed in the U.S. shall be composed of a
majority of Independent Directors and that particular Committee should be
comprised of Independent Directors.</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Unlike
companies incorporated in the U.S., Indonesian companies' management consist of
two institutions with the same status, namely, the Board of Commissioners and
the Board of Directors. In general, the Board of Directors is responsible for
routine business activities of the company and is authorized to act for and on
behalf of the company, while the Board of Commissioners has the authority and
responsibility of overseeing the Board of Directors and based on Indonesian
Company Law, is mandated to provide advice to the Board of Directors.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; With
regard to the Board of Commissioners, the Company Law requires at least two
members of the Board of Commissioners are existed in public companies. Although
the Company Law does not regulate the composition of the Board of
Commissioners, however, the Listing Regulation No.I-A under KEP.305/BEJ/07-2004
issued by the Indonesia Stock Exchange (IDX Regulation No.I-A) stated that at
least 30% of members of the Board of Commissioners of public companies (such as
Telkom) must be independent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Company Law stipulates that the Board of Directors is composed by at least two
members, each of which must meet the minimum qualification requirements set
forth in the Company Law. In addition, pursuant to IDX Regulation No.I-A, it is
stated that at least one member of the Board of Directors must be a non-affiliated
member.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; COMMITTEES</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The NYSE listing standards require that a
listed company in the U.S must have an Audit Committee, Corporate Governance
Committee and Compensation Committee. Each of these committees must consist of
independent directors and is equipped with a written charter that addresses the
matters specified in the listing standards.</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">The Company Law does not require Indonesian
public companies to form any Committee as set forth in the NYSE listing
standards. However, the FSA Rules No.IX.I.5 and IDX Regulation No.I-A require
the Board of Commissioners of a listed public company (such as Telkom) to form
an Audit Committee comprising at least three members, one of whom must be an
Independent Commissioner and acts as chairperson of the Audit Committee. While
the two other members of the Audit Committee must be appointed from independent
parties and at least one member must have an understanding of accounting and
finance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><i><font face="times new roman" lang=EN style="font-size:10.0pt;">The NYSE listing
regulation which applied pursuant to Rule No.10A-3 of Exchange Act requires a
foreign private issuer with shares listed on the NYSE to have an Audit
Committee comprised of independent directors. However, not all members of our
Audit Committee are independent directors as required by Rule No.10A-3 of the
Exchange Act. Pursuant to Rule No.10A-3(c)(3) of Exchange Act, foreign private
issuers may be exempted from the independence requirements if (i) the
Government or the Stock Exchange of the home/origin country requires that
companies have an Audit Committee, (ii) the Audit Committee is separated from
the Board of Directors and has members from outside the Board of Directors,
(iii) Audit Committee members are not elected by the management and no
executive officer of the company is a member of audit Committee, (iv) the Government
or the Stock Exchange of the country of origin requires the Audit Committee to
be independent from the management of the company, and (v) the Audit Committee
is responsible on the appointment, retention and oversight of the work of
external auditors.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><i><font face="times new roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">Not all members of our Audit Committee are
independent directors as required by Rule No. 10A-3 of the Exchange Act. We
refer to the general exemption pursuant to Rule No.10A-3(c)(3) regarding the
composition of the Audit Committee. We believe that this does not materially
affect the ability of the Audit Committee to act independently.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">D</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DISCLOSURE
IN RELATION WITH CORPORATE GOVERNANCE</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The NYSE
listing standard requires the U.S. companies to adopt and put on their website,
the guidelines for the implementation of corporate governance. </font></i><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">These guidelines, among other things, shall
stipulate directors qualification standards, director responsibilities,
relations between directors with management and independent advisors,
compensation for the directors, orientation and continuing education for the
directors, management succession and annual work performance evaluation.
Moreover, each year, the CEO of the U.S. company must certify to the NYSE that
he/she is not aware of any violations committed by the company with regard to
the NYSE corporate governance standard listing. Certification must be disclosed
in the company's annual report to the shareholders.</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><i><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">There is no disclosure requirement in the
applicable Laws in Indonesia that is similar to the NYSE listing standards
described above. However, the Capital Markets Law generally requires Indonesian
public companies to disclose certain types of information to their shareholders
and to the FSA (</font><i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">OJK)</font></i><font face="Times New Roman" lang=EN style="font-size:10.0pt;line-height:normal;">, particularly information relating to the change of
ownership of shares of public companies and material facts that may affect the
decision of shareholders to maintain their stake in the said public company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">E.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CODE OF ETHICS
AND BUSINESS CONDUCT</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The NYSE listing standards require each listed
companies in the U.S. to adopt and to post on their company&#8217;s website, the code
of ethics and business conduct for the Board of Directors, officials and
employees.</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">No similar requirement under the applicable Laws in
Indonesia. However, the company shall submit periodic reports to the U.S. SEC,
which stated the implementation of the code of ethic by senior financial
officials in the company.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CORPORATE
SOCIAL RESPONSIBILITY AND PKBL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TSRC></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM'S
SOCIAL RESPONSIBILITY COMMITMENTS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Companies with
Limited Liability status, according to the regulations, are obliged to carry
out what is called Corporate Social Responsibility (&quot;CSR&quot;). As a
corporate citizen, we can not be exempted from the requirement. And to carry
out these obligations we have formulated a policy and operational guidelines,
which is the Board of Directors Regulation No. PD.701.00 / 1.00 / PR.000 /
COP-A3000000 / 2014 dated October 14, 2014 on the Management of Telkom
Corporate Social Responsibility (CSR Telkom).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">According to the Regulation
of the Board of Directors, Telkom CSR Program consists of Partnership Program
(&quot;PK&quot;), the Community Development Program (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BL</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) and
CSR Public Relation (&quot;CSR PR&quot;), or activities outside the Partnership
Program and Community Development Program (&quot;PKBL&quot;), Telkom CSR is
based on Good Corporate Governance (GCG) and Good Corporate Citizenship </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">(</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GCC</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">) </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">and
the principle of what is generally known by TARIF, stands for Transparency,
Accountability, Responsibility, Independence, and Fairness. Additionally, we also
adhere to the principles in ISO 26000, namely accountability, transparency,
ethical behavior, respect for the interests of shareholders, legal compliance,
respect to the norms of international behavior and enforcement of human rights.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">One of our commitment
to implementing CSR is to help develop the society's quality of life in a
sustainable manner. Therefore, we consider it necessary to create good and
harmonious relations with the community.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=VAM></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">VISION
AND MISSION</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In the field of CSR we have
developed a Vision, to be a leader in the implementation of CSR in Asia. To
achieve this vision, we have developed several strategic concepts as follows: </font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cause promotion. Increasing awareness and concern for
the community to donate time, money or materials for a specific social purpose.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Cause related marketing. Invites the public to use
Telkom's products, and the Company's future profits will be donated to help
overcome or prevent a particular problem.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate social marketing. Changing people's behavior
in certain issues, such as health issues, environment, and safety.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate philanthropy. Contribute / donate directly
to those in need. </font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Community volunteering. Encouraging and supporting
employees to contribute time and energy to engage in CSR activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Socially responsible business practice. The Company
accept and abide by social norms of doing business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=POTC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PURPOSE
OF TELKOM CSR</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The purpose of
Telkom CSR is to support the business continuity of the Company by implementing
sustainable development in the economic, social, and environmental aspects,
involving Telkom Group employees and society based on three main pillars
(triple bottom line), which is planet, people and profit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Planet. Company takes into account and preserves
nature and the environment in each of the Company's operation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">People. The company creates reliable human resources
in community empowerment through community development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit. The company not only pursue profits but also
the expected economic empowerment of the people in their vicinity.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Overall, the three
main pillars of our CSR is then realized in a variety of program activities in
seven areas, namely: (i) partnerships, (ii) general services, (iii) education,
(iv) health, (v) culture and civilization, (vi ) the preservation of the environment,
and (vii) disaster relief / humanitarian.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TCS></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-transform:uppercase;">TELKOM CSR STRATEGY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We align our CSR
strategy with the vision and mission and business portfolio. In carrying out
our CSR theme &quot;Telkom Indonesia for Indonesia&quot; we seek to achieve
enlightened society (&quot;Enlightening Society&quot;), i.e. people who obtain
welfare through a credible form of activities that are based on three main
pillars of CSR. To achieve that, we developed the following three things,
namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital
Environment</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We realize the concern for the environment by
providing and managing telecommunications infrastructure as well as various
Information and Communication Technology (&quot;ICT&quot;) facilities to
support and connect the entire community activities, including in the framework
of environmental conservation in the said area or emergency care during natural
disasters.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Society</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We also empower the appropriate current global trends
with advances in ICT, through education about the optimal use of ICT to facilitate
activities in daily life..</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Economy</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We actively work together to provide ICT facilities in
a wide range of public services that are used by the community, and supporting
micro, small and medium enterprises, especially in the creative industries
sector, associated with the use of ICT.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=LBAP></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">LEGAL
BASIS AND POLICY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In Indonesia, the
implementation of Corporate Social Responsibility is stipulated in Government
Regulation (&quot;PP&quot;) No. 47/2012 on Social and Environmental
Responsibility Of Limited Liability Company, which is the implementing
regulation of the provisions of Article 74 of Law No.40 / 2007 on Limited
Liability Company. Thus PP No. 47/2012 becomes the foundation for us in the
development and implementation of CSR programs, both inside and outside the
company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=SOTC></a><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SCOPE OF
TELKOM CSR</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The scope of activities of
Telkom CSR is prioritized in three areas, namely social, environmental, and
economic.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The scope of activities in the
social aspect:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Improving the quality of public
education and providing education facilities and infrastructure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Preserving and fostering religion,
culture, art and sport.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Support the preservation of
national culture and civilization.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Support the improvement of public
health conditions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The scope of activities in the
environmental aspect</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Take an active role in the
humanitarian aid and natural disaster.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Actively participate in
environmental preservation activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">3)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The scope of activities in the
economic aspect</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Empower the community, and improve
the skills, knowledge, and attitude which have an impact on the Company's
business.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Provide added value to
stakeholders (customers, suppliers, shareholders, regulators, employees and
family, community or society) that is aligned with the Company's program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Take an active role in the provision
of facilities and infrastructure of information and communication (ICT) to the
public, by providing facilities and infrastructure for easy access to
information and communication.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Take an active role in enhancing
the ability of SMEs to be strong and independent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Take an active role in supporting
the development of digital creative industry</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The scope of activities of
Telkom CSR program can include a variety of things, but not limited to the
activities referred to in point 1), 2) and 3) but may also be used for other
activities that support the business of the Company with reference to the laws
and regulations that apply.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=OG></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ORGANIZATION GOVERNANCE</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telkom CSR governance is
divided into two, namely the CSR PR and PKBL Program. Telkom CSR PR strategies
and policies becomes the authority of sub Corporate Communication Department,
while PKBL unit is under the authority of Community Development Center
(&quot;CDC&quot;). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Furthermore, we manage the
implementation of policy and operational functions of Telkom CSR as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Determination of Telkom CSR
policies is the duty of Telkom CEO which in the implementation of operations is
carried out by the CDC unit and Sub Department of Corporate Communication.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In the implementation of its
operations, the CDC and Sub Unit Corporate Communication Department can
coordinate with Work Unit and related subsidiaries.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<h2 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><a name=TCBA></a><b><font face="times new roman" style="font-size:10.0pt;font-style:normal;line-height:normal;">TELKOM CSR BUDGET ALLOCATION</font></b></h2>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">According to the Regulation
of the Board of Directors No.PD.701.00 / 2014 dated October 14, 2014, CSR
Telkom source of funds is from the Company's operating expenses, listed as the
CSR budget.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td colspan=7 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Telkom CSR Budget Allocation</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td rowspan=2 width=50% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Budget Allocation</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Source of Fund (Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Telkom CSR (PR)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">18.29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">23.31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">38.24</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Aligned with the
vision and mission to become a major player of TIMES regionally and globally,
we recognize the importance of the use of ICT for the advancement and
improvement of public welfare. We understand our strategic position in
Indonesian society. Utilization of our competence can bring Indonesia towards a
better direction. Our products and services can educate the nation. As a
corporation that serves millions of customers throughout Indonesia, we actively
participate in the form of corporate social responsibility program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AAAOCPBOI></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">AWARDS
AND ACHIEVEMENT OF CSR PERFORMANCE BASED ON ISO 26000</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=CAI></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CSR
AWARDS IN 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
2015, Telkom CSR activities successfully achieved a number of awards for the
seven focus areas Telkom CSR, which is awarded by the Corporate Forum for
Community Development in the Indonesian CSR Award 2015 event. Details of the
said awards are listed below:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Sustainability Reporting Award</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The best company in the management of human capital in
the Indonesia Human Capital Study Award 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Social Business Innovation Award</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Sindo Weekly CSR Award 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate Image Award with the category of best
Telecommunication Company and best Internet Provider.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Award for telecommunication category with grade I in
Excellence Service Experience Award 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AOCPBO></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ACHIEVEMENT
OF CSR PERFORMANCE BASED ON ISO 26000</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our
commitment in CSR has been proved successful to get recognition from various
parties, including from independent parties, which bestows the Grand Platinum
award in the Indonesian Corporate Social Responsibility Award (ICA) event in
2015. This award is not only a proof of recognition from external parties, but
at the same the achievement of performance of Telkom CSR based on ISO 26000.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=AAPOTC></a><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ACTIVITIES AND
PROGRAMS OF TELKOM CSR</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our CSR programs are implemented with
the responsibility of the Company based on four areas:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1) social responsibility for the
environment</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2) responsibility for employment,
safety, and working welfare</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3) obtain any social responsibility for
society&#8217;s social development</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">4) responsibility to the customer.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=TRT></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM&#8217;S RESPONSIBILITY TO
ENVIRONMENT</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We realize the
importance of maintaining environmental sustainability. As such, we constantly
try to minimize negative impacts to the environment caused by operational
activities as well as community activities in general. We also actively support
national programs related to environmental preservation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a)</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Policy&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Commitment to be environmentally responsible is
mentioned in Circular No.ED.130 / PS000 / HR 20/2008 on Efficiency Measures in
Creating Savings in PT Telekomunikasi Indonesia Tbk, which we implemented
through a variety of programs, both in internally and in society. The
environmental impact arising from operations of the Company will be kept as low
as possible and we are responsible for such effects.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b)</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font></b><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Program Types</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We try to do a variety of programs related to
environmental conservation which are summarized in the Telkom Go Green Action
program, which includes efforts to mitigate carbon emissions, energy efficiency
of office buildings, BTS energy efficiency, use of renewable energy, the
concept of the paperless office, waste management, management and recycling of
water, bike to work, and earth hour.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(1)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Carbon Emission
Mitigation Efforts</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have not specifically performed the calculation of
the carbon footprint of our operations. However, since 2009 we have conducted a
series of initiatives which are consistent and focused efforts to reduce
electrical energy consumption in our operations. Thus, we contribute to the mitigation
of carbon emissions (CO2), remembering the electricity produced from plants
using conventional fossil fuels (coal and oil) and a source of carbon emissions
into the atmosphere.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In doing so, we are implementing our equipment with
high efficiency and new technologies that are more environmentally friendly,
among others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The use of AC inverter technology,
through retrofitting fluid system and thermodynamic air conditioning system
with Articmaster, and replacing the use of Freon in air conditioners with
hydrocarbon refrigerant.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Replacing the fluorescent lamp
with LED lights that have high levels of electrical efficiency of up to 90%.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Installation of capacitor banks at
our STOs to reduce energy waste due to reactive power.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Replacement of TDM switching device
switches to soft-switch devices that consume less electricity, dissipates less
heat, and occupies less physical space.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Replacement of rectifier device
from the linear-mode type to the switch-mode type that requires less energy
with higher conversion efficiency rate.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Construction and operation of
green data center that puts the zero depletion refrigerant (no-CFC), zero
depletion FAP (N2 100% natural gas), environmentally-friendly material
(unleaded), and energy efficient (LED lamps and cooling system management).</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to supporting efforts to mitigate carbon
emissions, a range of initiatives to conserve electrical energy consumption
also has an impact on savings in operational costs and maintenance expenses,
and reduce down time due to failure of the air conditioning system.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(2)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Office Building
Energy Efficiency</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Energy systems in Telkom office buildings have been
made even more efficient. Various strategic measures were applied, among
others:</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The use of capacitor banks to
improve power factor, comply with the PLN provisions on KVAR limitation, and
reducing wasteful use of electricity due to the magnitude of the apparent power
of capacitive loads. In 2014, we have carried out a series of trials in
cooperation with PT EXCELINDO Chandra Mulia (holder of Top Saver 2000 brand),
and has implemented the use of saver on the non-inverter to suppress the loss
of the use of electric current and will continue in the coming year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Installation of reflective glass
with thickness of 6 mm to reduce heat entering, so the use of air conditioning
will be more economical and efficient. A series of tests have been carried out
in cooperation with PT Energi Indonesia as the brand holder of Sadean Reflecto
Coating for Building regarding the use of coatings, namely coatings of outer
glass walls / windows of the building, which serves to transmit light, but
forwards little to no heat.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Replacement of conventional
lighting with LED lighting to save energy and environmentally friendly, because
it no longer uses mercury.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Retrovitally replacing AC chiller
with modern and energy-efficient technology, based on building automation
system (BAS), thus efficient operationally by the operator and also using
environmentally friendly refrigerants. Implementation of this program began in
mid-2013.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Strict and precise implementation,
without disturbing the comfort and safety of building occupants, lighting and
devices operating schedules in order to minimize the wasting of electricity
consumption.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Provide ongoing and continuous
socialization to all building occupants about saving energy, including the
placement of warning signs and stickers in various strategic locations to
remind employees to save electricity and water.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Utilization of zoning lighting
scheme to enhance the efficient utilization of energy, namely by
differentiating the ignition area lighting needs, so as to save energy.</font></p>

<p style="margin-bottom:.0001pt;margin-left:49.65pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Installation of a timing device
(timer) on the lighting outside the building.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(3)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">BTS Energy
Efficiency</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant energy savings also come from the use of
BTS outdoors at all BTS Telkom Flexi and Telkomsel locations. Outdoor BTS are
smaller than indoor ones and does not require housing and cooling. </font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(4)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Utilization of
Renewable Energy</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Mitigation of carbon emissions has been significantly
done through changing patterns of energy consumption from non-renewable energy
to renewable energy, such as the use of solar, water and wind energy. Although
small in scale, we have started to implement &quot;carbon free&quot; concept
for some operations. By using solar cells as energy for base stations, we can
reduce carbon emissions up to 961.39 tons of CO2 annually. Telkomsel became a
pioneer in the use of base stations that use renewable energy from solar
energy, micro-hydro, and low power consumption, and has operated thousands of
environmentally friendly BTS.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We have also implemented renewable energy for
locations on the islands and other urban areas that are still using 7 x 24
hours generator power source, such as through the use of a hybrid power plant
that combines solar cells and wind power . The use of renewable energy in the
form of a hybrid power plant is expected to achieve savings of electricity
usage charges, maintenance expense and burden of fuel consumption up to 98%,
while 2% of fuel is still required for generator maintenance purposes.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(5)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Paperless
Office Concept</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Another effort in mitigating
carbon emissions is to apply the concept of paperless office. We have applied
this concept through online memos applications since 1998 in several units and
have been implemented nationally. Since this concept has been implemented,
management made budget cuts on paper purchasing policy significantly. With a
minimum use of paper, we have reduced the amount of paper waste.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Currently, all of our units
have been using memos application online for delivery in our internal memos.
During 2014, a letter memo made by the entire unit via the online memo
application amounted to 294,563 units. Assuming an average of one memo consist
of two (2) copies and addressed to three (3) the recipient and then each
forwarded to 3 (three) people, then by using the online memo app, we had saved
as many as 10,604 reams of paper or the equivalent Rp424,170,720 (based on
average paper price in 2014).</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We also educate employees
and customers in applying these concepts, among others, in terms of issuing
electronic bills, bill payments centrally through teller, Automated Teller
Machine (&quot;ATM&quot;), phone banking, internet banking, mobile banking, and
auto debit.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.35pt;"><i><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(6)</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></i><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Management of Trash and Dangerous and Toxic Waste</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Waste management is done with local Sanitation Office.
Routine supervision is conducted in order to reduce the amount of garbage
scattered. We are also carrying out waste management and disposal responsibly
throughout the operational offices.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(7)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Management and
Utilization of Recycled Water</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Water is vital for human life and plays an important
role in the preservation of the ecosystem. Therefore, we have a strong
commitment to be responsible for the management and use of water.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our water consumption is relatively low which is used
for building operations and drinking purposes of employees which is majorly
supplied by the Regional Water Company (PDAM). We have carried out a strategic
step in the management of water with the installation bio-pores and containers
of water around the office building to collect rain water and process water
recycling is simply done using charcoal-based filtration. Recycled water is
used for washing operational vehicles and watering plants in the office yard. </font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(8)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Bike to Work</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In order to promote healthy living and mitigate carbon
emissions simultaneously, we urge employees to bike to work every Friday. This
recommendation was issued in 2009 and its implementation is responded well by
most employees by 2014. We expect this will become a habit that is part of the
&quot;Bike to Work&quot; national movement and shall be entrenched among
employees. </font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(9)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Earth Hour</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Regularly every year we participated in the
&quot;Earth Hour&quot; which is promoted by WWF, aiming to preserve the
environment by reducing the consumption of electrical energy. This activity is
carried out by a power outage during one hour on Saturday, the fourth week of
March each year at 20:30 until 21:30.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.45in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">(10)</font></i><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">
</font></i><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Jakarta River
Fest</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom participates in the Jakarta River Fest event in
the river cleaning action in Jakarta with a contribution of 50 million Rupiah.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c)</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Certification in
the Environmental Aspect</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">By carrying out the mission of being a high-quality
TIMES service providers with competitive prices as well as a model of best
corporate management, we must also pay attention to environmental control,
safety and good working health. To meet government regulations in terms of
implementing SMK3, in 2014 Telkom and its subsidiaries have obtained SMK3 certification.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TRF></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM
RESPONSIBILITY FOR EMPLOYMENT, OCCUPATIONAL HEALTH AND SAFETY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Employment</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Policy</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We direct the
management of human resources in order to realize the vision, mission,
objectives of the Company (sustainable competitive growth), and human resource
management objectives. Target of HR management is to establish great leader and
great people with a productivity of employees above productivity standards in
the telecommunications industry and the high level of engagement in running the
Telkom Group's business portfolio which is increasingly focused on TIMES. We
are also working to improve synergies and efficiencies in the Company's
internal circles which are all employees of Telkom Group to continue to
emphasize the implementation of the set Company values.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Law No. 13 Year 2003
on Employment and Labour Agreement (&quot;CLA&quot;) between the management and
union employees, becomes a reference throughout the employment policies to
ensure compliance with applicable laws and minimize the occurrence of violations
of human rights in the employment relationship.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Program Types</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Industrial Relations Management</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Referring to the Presidential Decree No. 83 of 1998 on
the Ratification of ILO Convention No. 87 of 1948 concerning Freedom of
Association and Protection of the Right to Form Organization, some employees of
Telkom established &quot;Telkom Employees Union&quot; or &quot;Sekar&quot;.
Until December 31, 2015, Sekar consisted of 14,472 employees or 89.9% of total
employees with working status in Telkom and employed in the JVC. To avoid
potential conflicts that occur in the next CLA negotiation, management
increases the role of LKS Bipartit (unknown English translation) which is
conducted once a month.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HR Recruitment</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Our HR Recruitment is done through internal and
external recruitment. Internal recruitment is done by optimizing the resources
that have been owned through synergies in Telkom Group in order to achieve
efficiency in employee turnover costs and obtaining the best candidates
according to needs and simultaneously facilitating career development for
existing employees. External recruitment is focused on hiring
professionals to fill positions where the competence is not possessed by
existing employees, as well as recruiting fresh graduates to fill the positions
left by employees due to retirement, improving the composition of employees in
terms of education, age and stream (Company function).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.84%;">
 <tr style="height:7.5pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">HR Recruitment </font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total (persons)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">387</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">224</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">206</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">30</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">53</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">127</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Competence Development</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">HR competence development is done through training and
education that focuses on competence change and competence development, both
directly and indirectly related to the business strategy and operations. In
addition, we also organized various improvement programs and competency
training for its employees who are currently managed through the establishment
of CorpU. Here is the amount of training conducted in the last five years. In
2015 Corpu has graduated as many as 187 people for certification. SUSPIM
program has held 10 courses, and has approved as many as 408 people. Regular
training has been carried out as many as 928 programs with participants as many
as 17,424 people.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.84%;">
 <tr style="height:7.5pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Competence Development</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2010</font></b></p>
  </td>
 <td valign=top width=1% style="height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total of Training</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">928</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1.191</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1.261</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">774</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">650</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">826</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Employee Remuneration</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We provide competitive remuneration package for
employees consisting of a monthly salary, allowances and facilities such as
housing, pensions, health, and others. In appreciation to the employees, Telkom
adopted a total rewards philosophy that is communicated widely and effectively
to employees. Total reward philosophy is based on the foundational reward,
reward performance, as well as career and environmental rewards. In this
concept, the appreciation is not only given to employees in the form of
remuneration, but also certainty in pursuing a career ladder and balance in
work and personal life (work life balance).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">However, to ensure that Telkom remuneration is competitive
in the industry, Telkom regularly follows salary surveys and make adjustments.
Value of remuneration provided by the Company in the last five years is as
follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.84%;">
 <tr style="height:7.5pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Employee Remuneration</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2014
  (Restated)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Total paid (Rp billion)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">11.874</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">9.787</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">9.733</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">9.786</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">8.555</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Healthcare Services</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We provide health services managed by Yakes for
employees and immediate family dependents. We hope that health services had a
positive impact on improving the productivity of the Company. To determine the
health of our employees, we organize medical check-up every year, which results
in health status.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition, we also issued a policy of healthy living
paradigm. As for health insurance, we provided all employees who have retired,
including dependent relatives in the two types of funding, which is for
employees who are appointed as an employee prior to November 1, 1995 and has a
service life of more than 20 years, eligible for the guarantee of health care
managed by Yakes Telkom, and for all other employees, the healthcare services
in the form of insurance benefits. For the employees of its subsidiaries, we
provide health benefits through a health insurance program sponsored by the
government, known as the Workers Social Security (Jamsostek), which is now
called the Social Security Agency (BPJS) and the Financing Agency and Health
Insurance (BPJK).</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Total expenses we spent on health insurance for
employees in the last five years can be seen in the following table.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.18%;">
 <tr style="height:7.5pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Employee Healthcare
  Service Costs</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total (Rp billion)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">174</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">153</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">162</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">150</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">121</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">f.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Pension Program</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We had two pension schemes, which are Defined Benefit
Pension Plan (&quot;PPMP&quot;) which is intended for permanent employees hired
before July 1, 2002 and Defined Contribution Pension Plan (&quot;PPIP&quot;)
that apply to other employees. Here is the cost of pension program in the last
five years:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.18%;">
 <tr style="height:7.5pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Expenses for Retirement
  Program</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=38% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">PPMP (Rp billion)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Nil</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Nil</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">182</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">186</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">187</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">PPIP (Rp billion)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">g.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Employee Award</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Routinely, we show appreciation to employees and units
that excel in supporting the achievement of the Company's business targets. The
award is intended to motivate employees to contribute better in the upcoming
period. The following table shows the top performers who received appreciation
in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.18%;">
 <tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Award Type</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
  </td>
 <td valign=top width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Note</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Medal of the Indonesian President</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">External
  Reward</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Best Telkom ROSE at WITEL Level</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Unit
  Reward</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Best Forum AM Telkom Group</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">204</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual
  Reward</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Best Staff / Officer at the Indonesian
  border</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual
  Reward</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual Champions and CoP</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual
  Reward</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Best Innovation Indihome</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">38</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Group and
  Individual</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Best Innovation Non Indihome (CAT)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">45</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Group and
  Individual</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Asian-African Summit</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">357</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual
  Reward</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Ramadan and Eid Posts Reward</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">66</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Individual
  Reward</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">FTTH Office Competition Reward</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">24</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Group and
  Individual</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=39% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Special Innovation Works</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=38% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Group and
  Individual</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">h.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Employee turnover level</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Turnover rate of employees leaving the company for
various reasons, among others, voluntary resignation, becoming a political
party official, appointed as official either within the Company, its
subsidiaries or government, breaches of discipline, married with Telkom
employees.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.18%;">
 <tr style="height:8.5pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:2.3pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total of Telkom Employee
  (people)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">16.097</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">17.279</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">17.881</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">19.185</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">19.780</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">21.138</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:2.3pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><sup><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Total Employee Turnover</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">22</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Voluntary resignation</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Becoming political party official</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Becoming SOE Director/Government
  Official</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Discplinary violation</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-indent:-.15in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Married with Telkom employees</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.0pt;">
  <td valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Percentage of Turnover (%)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0.07</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0,12</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0,08</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0,11</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0,06</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:7.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">0,05</font></p>
  </td>
 <td valign=bottom width=1% style="height:7.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">i.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Gender Equality and Work
Opportunity</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We do not have internal policies regarding labor that
distinguishes its application based on gender. All regulations in the Telkom
Group are applied consistently and equally to all employees regardless of gender.
Similarly, the employment opportunities offered applies to all employees, of
which there are positions that do not include qualifications that differentiate
by gender. Qualifications which have been applied for all positions (position
requirement) simply require education and competencies (soft skills and hard
skills). Matters related to the rights of employees (compensation, benefits,
career development opportunities and competence, working time, working
facilities) and obligations of employees applies equally to all employees
regardless of gender.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Health and Safety
at Work (K3)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Policy</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Since
2009, the main objective of the management of Health and Safety at Work
(&quot;K3&quot;) in Telkom focuses on achieving a zero accident rate. This
program is held based on labor legislation and K3 rules by local Department of
Labor as well as our evaluation and will be assessed every year. Telkom's
commitment to realize the security and safety in the work environment, realized
through the Company's policy set out in the Decision of the Board on Policy
Establishment on the Enterprise Security and Safety Governance No.KD.37 / 2010
dated October 26, 2010.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Program
Types</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Starting
from the year 2013 to 2015, we have conducted various K3 activities, among
which are:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-16.1pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;font-weight:normal;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-style:normal;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-style:normal;font-weight:normal;line-height:normal;">Training
on Work Safety</font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">:&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fire Disaster Emergency Response
Simulation in Witel of North Jakarta, Bogor, Palembang, Medan, Malang, at Gatot
Subroto GMP Building, Jakarta</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">K3 Seminar organized jointly by
Telco K3 Network</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Training in Basic Life Support
(BLS)</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Training of K3 Electrical Expert</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Training of K3 Type C Fire</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">First Aid Training (P3K)</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Training and Simulation of Flood
Evacuation of Telkom Group Jabodetabek in Sunter, North Jakarta in cooperation
with Kolinlamil.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Socialization of Work Safety and
Health Management System (SMK3)</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-16.1pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Emergency Response Simulation in 2015</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> :</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel Nangro Aceh Darussalam&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
November 9, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel Riau Islands (RIKEP) Batam &#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; : August 18, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel Riau Mainland (RIDAR) Pekan
Baru&#160;&#160; : August 25, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel Lembong Bandung&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
October 16, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel South Jakarta&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
October 9, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel West Jakarta&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
November 25, 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">GMP Jakarta&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
December 16, 2016</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Witel Yogjakarta&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; :
December 29, 2015</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-16.1pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Zero Accident
Program</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The program is organized based on
labor legislation and K3 rules of local Department of Labor and evaluated and
will be assessed every year. Our commitment to realize the security and safety
in the work environment is embodied in the company's policy which is set out in
the Decision of the Board on Policy Establishment on the Enterprise Security
and Safety Governance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.18%;">
 <tr style="height:1.0pt;">
  <td rowspan=2 width=51% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Location</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Safe
  Work Hours</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Witel West Java, Northwest
  (Bekasi)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,591,120</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,148,888</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,638,569</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Witel West Java, West (Bogor)</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8,666,697</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,181,146</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,143,736</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Witel West Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4,265,880</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,458,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,503,164</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Witel South Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,114,848</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,704,260</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,592,892</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Witel East Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,048,184</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,738,720</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4,077,024</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area North Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,483,192</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,207,095</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,269,530</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area Tangerang</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,204,192</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,683,906</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,834,832</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Regional Sumatera</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">13,848,352</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8,884,232</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,012,569</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Regional West Java</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5,171,923</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5,160,189</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,094,151</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Regional Central Java</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">7,017,171</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,589,177</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,044,573</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Regional East Java</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">10,828,032</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">9,152,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,041,061</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Regional Kalimantan</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4,471,856</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4,471,856</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5,092,684</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Eastern Region of Indonesia (KTI)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5,412,640</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8,186,134</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8,671,826</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom GMP Bandung (Japati)</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,600,280</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,740,736</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2,025,063</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom GMP Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">13,749,318</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,679,508</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,404,798</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Telkom Area Central Jakarta</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,809,288</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,809,288</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4,086,952</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Islands (RIKEP) Batam</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1,373,696</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Mainland (RIDAR)</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">889,904</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">DIY</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6,971,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">East Maluku</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3,204,992</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMK3 Online Application and Safety Care Online</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Online SMK3
application development which is in accordance with Government Regulation No.
50 of 2012 can be accessed by all employees consisting of SMK3 measurement
criteria. This application can be used for activity monitoring, evaluation, and
online analysis thus simplifying and speeding up the process of implementation
and updating of information nationally.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Online safety care
application is a means to raise awareness of employees related to aspects of K3
at each work location, for example, to inform the conditions at the job site
which may risk the continuity of the K3 so that it can be followed up. The
solution is with the performance of the findings and close mitigation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SAS portal
applications is to publish K3 activity that is accessible nationwide, with
contributors to the person in charge of SAS nationally.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-style:normal;font-weight:normal;line-height:normal;">Received award in
the K3 aspect (</font><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Zero
accident</font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;font-style:normal;font-weight:normal;line-height:normal;">)&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Awards received in the field of K3 (Zero Accident)
from Ministry of Manpower and Transmigration since January 1, 2009 until
December 31, 2013 to our 13 office locations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Awards received in the field of K3 (Zero Accident)
from Banten Governor since January 1, 2009 until December 31, 2014 to Telkom
Area Tangerang.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Awards received in the field of K3 (Zero Accident) from
the Mayor of Bogor since January 1, 2014 until December 31, 2014 to Telkom
Witel Jabar West (Bogor)</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Awards received in the field of K3 (Zero Accident)
from the Ministry of Manpower and Transmigration since January 1until December
31, 2014 a total of 17 locations Telkom Regional-2 Jabodetabek, Witel Central
Jakarta, Witel North Jakarta, Witel South Jakarta, Witel East Jakarta, Witel
West Jakarta , Witel Riau Islands (Pekanbaru), Telkom Regional 4 Central Java,
Yogyakarta, Witel Yogyakata, GMP Headquarters Jl Japati Bandung, Witel West
Java Central Bandung, Telkom Regional 3 West Java, Witel West Java West
(Bogor), Witel East Java South (Malang), Telkom Regional 1 Sumatra (Medan),
Witel South Sumatera&#160; (Palembang), Witel North Jakarta.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Submission of Safe Work Hours Audit 2016 to the local
Manpower Office as much as 18 office location consists of GMP Telkom
Regional-1, West Sumatera (Medan), North Sumatra East (Pematangsiantar), West
Sumatra, Nanggroe Aceh Darussalam, GMP Jakarta, Central Jakarta, South Jakarta
, West Jakarta, East Jakarta, North Jakarta, Banten East (Tangerang), Banten
West (Attack), West Java North West (Bekasi), West Java West (Bogor), GMP Treg
West Java, West Java Central, (Bandung) South West Java (Tasikmalaya), West
Java North (Falkirk), West Java East (Cirebon), GMP Treg Java, Central North,
DIY Yogyakarta, GMP Treg Java, Surabaya-Madura, Malang, South Bali (Denpasar),
South Kalimantan (Banjarmasin) South East Kalimantan (Balikpapan), West East
Kalimantan (Samarinda) and West Kalimantan (Pontianak), GMP Treg Witel Sulawesi
and South Sulawesi (Makassar).</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Ministry of Manpower and Transmigration award
Directorate General of Labour Inspection audit result K3 management system
which have earned &quot;Assessment Level: Satisfactory&quot; for Advanced
category for the area of Telecommunications in Central Jakarta, South Jakarta,
Banten East (Tangerang), Riau (Pekanbaru), and the Riau Islands (Batam).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMK3 Internal and External Audit</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To
ensure that the Company has set goals, objectives and K3 programs to meet the
K3 policies that have been set, Telkom routinely conducts Internal Audit SMK3
every year. This audit is conducted on the whole area include West Jakarta,
South Jakarta, Central Jakarta, East Jakarta, North Jakarta, Bekasi, Bogor,
Tangerang and other Regional Division based on sampling (West Java / Lembang,
East Java / Malang, Central Java / Semarang, Sumatera / Terrain, KTI / Bali).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMK3
Internal Audit 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">WITEL/Regional</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Location</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Result
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Central Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">STO Gambir, Witel Building and Plaza</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">April 7 -
  8, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">88.55</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">East Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. DI Panjaitan</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">April 21
  - 22, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">88.55</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">South Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Sisingamangaraja</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">May 5 - 6,
  2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">95.18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">West Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Letjen S. Parman</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">April 14
  - 15, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">90.96</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">North Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Yos Sudarso</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">April 28
  - 29, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">93.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel West Java North</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Rawa Tembaga Bekasi</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">May 12 -
  13, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">88.55</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel West Java West</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Ahmad Yani</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">May 19 -
  20, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">94.58</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Banten East</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">BSD Business Complex</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">May 26 -
  27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">89.16</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Banten West</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">August 25
  - 27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">89.16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">10</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">GMP Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Gatot Subroto Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">May 19 -
  20, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">91.57</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Islands Batam</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl R Suprapto SH</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">September
  07 - 09, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">90.36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">12</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Mainland Pekanbaru</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl Jend Sudirman</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">September
  07 - 09, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">89.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">13</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel West Java Central</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl Lembong 10-11 Bd</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">August 25
  - 27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">87.34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Treg-3 offices in West Java</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl Supratman Bd</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">August 25
  - 27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">87.34</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">GMP Japati</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Japati No 1 Bd</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">August 25
  - 27, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">89.75</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">16</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">On-Desk</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">46 WITEL + 5 TREG</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">November 23,
  2015</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">18.00</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td colspan=8 valign=bottom width=84% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">National
  Score</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">85.76</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SMK3
External Audit 2015</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">WITEL/Regional</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Location</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Date</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Result
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Central Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">STO Gambir, Witel Building &amp; Plaza</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">October 21-
  23, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">87.90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">South Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Sisingamangaraja</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">November 4
  - 6, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">93</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Banten East</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Komplek Niaga BSD</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">October 18
  - 20, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Islands Batam</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Jaksa Agung R Suprapto SH Sekupang.</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">November 12
  - 13, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">94.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=4% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=37% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Witel Riau Mainland Pekanbaru</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">Jl. Jend Sudirman Pekanbaru</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">December 2
  - 4, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td colspan=8 valign=bottom width=84% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">National
  Score</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">91.08</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To
ensure that the criteria in SMK3 has been implemented in the field and received
recognition from related external agencies, the SMK3 external audit is
conducted in five locations: Witel South Jakarta, Central Jakarta, Banten East
(Tangerang), Riau Mainland (Pekanbaru) and Riau Islands (Batam)</font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Extracurricular
Activities Funding Assistance</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We
provide financial support for extracurricular activities related to sports,
arts, freedom of association and assembly in the amount of Rp5 billion.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Financial
Impact of Activities</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
the last three years, the cost of which we spend on activities related to the
K3 is as follows.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:8.5pt;">
  <td valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:8.5pt;">
  <td valign=top width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Cost
  of K3 activities (Rp billion)</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">3.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">8</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:8.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TRFSD></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM
RESPONSIBILITY FOR SOCIAL DEVELOPMENT AND COMMUNITY</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">As one of the
largest state-owned enterprises in Indonesia, we have two great
responsibilities. First is to increase profitability in order to improve the
welfare of the State. The second is carrying out the responsibility of social
and civic development. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">This program targets
people's economic activities, whether related directly or indirectly with our
main business, with the aim to develop a harmonious relationship with the
community as well as providing a real contribution to a welfare society.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Policy</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Referring to the
Board of Directors Regulations No.PD.701.00 / 1.00 / PR000 / COP-A3000000 /
2014 dated October 14, 2014, we conducted our Partnership Program and Community
Development Program and various CSR initiatives related to Community
Development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Program Types</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Community Social Aid
Fund is used for a variety of public facilities development including for
natural disasters, education / training, public health, public facilities,
places of worship and nature conservation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-10.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Smart Campus (TeSCA)</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">TeSCA is a self-assessment program of national universities initiated
by Telkom through the Corporate Social Responsibility (CSR) program support in
order to measure the utilization of Information and Communication Technology
(ICT) in order to improve the quality of higher education.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">TeSCA was first implemented in 2008 and is still in progress, this
program initiated by PT Telekomunikasi Indonesia Tbk in collaboration with the
Directorate General of Higher Education (Dikti) Ministry of Education and
Culture, Technology Council and the National Communications (DeTIKNas), and the
Association of Higher Education for Computer Science (Aptikom).</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">The results of the self-assessment program can be accessed online
through the TeSCA website (www.tescaindonesia.org).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-10.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom Group Berbagi 2015 </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In order to enliven Ramadhan and Eid 1436
H, Telkom presents a variety of activities with the name Telkom Group Berbagi Program. Through the theme Light For You To Hold the
World, Telkom Group as a telecommunications company with
a TIMES business portfolio wants to use the momentum of Ramadan to share to the
people of Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:115%;">Telkom Group Ramadhan
event in 2015 consisted of a wide range of activities, which are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-16.65pt;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a)</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance to 5,000 orphans.</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-16.65pt;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b)</font><font color=black face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Providing assistance to a number
of ICT devices to Orphanage and Digital Boarding School.</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-16.65pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Provision of
facilities for 1,000 SMEs to be able to compete on the global stage through the
sharing of business activities and development of SMEs Digital Village program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In addition to providing assistance,
Telkom's Group organized affordable market by preparing 12,000 food packages
simultaneously in 18 cities in Indonesia as part of a SOE synergy to build the
country. Besides, through the Employee Volunteer Programme (EVP), TelkomGroup
employees collect and donate 1,000 Al-Qur'an manuscripts and 1,000 veils for prayer
rooms and mosques in TelkomGroup office environments throughout Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:28.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Related with these activities, Telkomsel
provides 20 tons of dates to 8 large mosques in Indonesia (Banda Aceh, Medan,
Jakarta, Surabaya, Semarang, Makassar, Sorong and Mataram). As a form of
humanitarian care, TelkomGroup also arranged the supply of 1,000 bags of blood
which will be submitted to the Indonesian Red Cross.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-10.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUMN Hadir untuk Negeri</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BUMN Hadir untuk Negeri is a form of tribute and
appreciation from SOEs for the Indonesian nation to enrich the 70th Anniversary
of RI.</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The series of events Commemorating 70 Years of
Indonesian Indonesia &quot;BUMN Hadir untuk Neg</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">e</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ri&quot; has the following goals and objectives: </font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Achieve National Movement
&quot;Let's Work&quot; proclaimed by President Joko Widodo on the 70th
anniversary of the Independence of the Republic of Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Enliven HUT RI that has entered
the age of 70 years in the form of tribute and appreciation of state-owned
enterprises for the Indonesian nation. </font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To create conditions that
encourages state-owned enterprises in Indonesia to contribute their best for
the country and the people of Indonesia. </font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Presenting SOEs in the community
to help people in all parts of the Republic of Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">e)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Strengthen SOE Synergy, so that
the SOE extended family can support each other in their working area.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The program is organized by the Ministry of BUMN,
Telkom gets management in West Java. The forms of activities are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">a)</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Healthy 8 Km Walk. Healthy walking program is
a form of responsibility of Telkom and the Government of disseminating the
culture of healthy living through healthy walking program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">b)</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Folk Art Stage and Screenings featuring a
range of contemporary art and serve the spirit of nationalism-themed films so
it is our responsibility to Telkom and government in disseminating the spirit
of nationalism in the community</font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">c)</font><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Commemoration Ceremony of Indonesia's
Anniversary on August 17, 2015. </font></p>

<p style="margin-bottom:.0001pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Competitions Commemorating
70 Years of Indonesian Independence which include elements of society around
the office which is an event for SOE to be closer to the community, so that SOE
can be better known by the public as users of SOEs products.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to the main activities mentioned above,
for the region of West Java, there are several additional activities as
follows:</font></p>

<p style="margin-bottom:0in;margin-left:46.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Clean Recycling Program allows
Stakeholders and fellow state-owned to cooperatie in utilization of garbage
crusher created by students of Telkom University as one solution to
environmental cleanliness.</font></p>

<p style="margin-bottom:0in;margin-left:46.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Health services &amp; Free
Treatment</font></p>

<p style="margin-bottom:0in;margin-left:46.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Indonesia Hebat Exhibition</font></p>

<p style="margin-bottom:0in;margin-left:46.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Special Services of 70 Years
Independence Day with a special promo in the forms of:</font></p>

<p style="margin-bottom:0in;margin-left:67.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Free WiFi id 70 minutes</font></p>

<p style="margin-bottom:0in;margin-left:67.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Discount Call SLI 45% from a
landline to 8 destination countries</font></p>

<p style="margin-bottom:0in;margin-left:67.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telkomsel Points: Free Data 70 MB
/ Free Call 70 Minutes / Free 70 SMS</font></p>

<p style="margin-bottom:0in;margin-left:67.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">17 Red and White BTSes</font></p>

<p style="margin-bottom:0in;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Further
information related to Telkom's responsibility to social and community
development, are on the topic &quot;Partnership and Community Development
Program&quot;.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TRTC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM RESPONSIBILITY TO CUSTOMERS</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
line with our mission to provide products and services with the best quality at
competitive prices, as well as part of the corporate governance practices
related to our responsibility towards our customers and the community as a
stakeholder, we continue to maintain communication with customers. The
implementation of efficient and proactive communication is a prerequisite for
ensuring the rights of consumers and customers, which will eventually play an
important role for the survival of the Company's business and continuous
growth.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Policy
</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We
are committed to always safeguard the interests of consumers and customers of
products and services. We adjust that commitment to the needs and demands of
the market, as set out in a series of management policies related to aspects of
product development, product safety, warranty and post-sale consumer complaint
services.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>





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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Program
Types</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Throughout
2015, we continued to carry out various initiatives in order to ensure
protection of consumer interests in obtaining quality products and convenient
service.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Product/Service
Development</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To
ensure that a new product that we developed product as commercial products that
are well received in the market, we apply a standard guideline for the
implementation of product innovation incubation process. The incubation process
is required to support the creation of innovative new products through the
stages of idea submission, customer and idea validation, product validation,
business model validation, and market validation. Thus, we can ensure the
development of new product / service with the best results and efforts are
optimized, while customers will benefit from the quality, reliability,
availability, billing and payment, service range, compatibility, product
features, and readiness factors supporting the product.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom
Integrated Quality Assurance (TIQA) Program</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Orientation
on customer service satisfaction with the TIQA through ROSE (Raise on Service
Excellence) framework, covers:</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Holding the principle to ensure
the products and services that we deliver are of high value and are able to
create the greatest possible benefits and able to stimulate the economy of the
community and the state.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Always maintain a code of ethics
in product sales (direct sales), promotion and advertising.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Applying ethical advertising
practices to the provisions of the code of ethics of advertising in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Ensuring that the products and
after sales service are easily available to the public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.2pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Supports the application of the
principles and practices of fair competition.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Warranty</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
order to ensure compliance with the standards of after sales service, we
implement fair compensation through the implementation of the post-sale
warranty (service level guarantee/SLG).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Services
Center and Consumer Complaints Mechanism</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">We
provide excellent customer service center that can be directly visited, located
in each regional office and our branch office. Also available is our online
complaint center through our website (www.telkom.co.id) as well as contact
center services with the number &quot;147&quot; for retail customers,
&quot;500250&quot; for SME and &quot;0-800-1-Telkom&quot; for enterprise customers.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom&#8217;s
Tribute for Smart Indonesia</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">To
increase comfort, Telkom has built thousands of Wifi.id point for super-fast
Internet Corner in strategic locations such as campuses, parks, airports, and
caf&#233;. Wi-Fi service is expected to provide the ease of people who want to use
Internet services. Moreover, the ease of access remains a problem for Internet
users. The existence Wifi.id Corner is expected to also add to the ease of
society in making broadband Internet access. In addition to the Warung Taman,
thousands of Wifi.id Corner points are also distributed in various major cities
of Pontianak, Papua, Banjarmasin, and Pekanbaru. Up to 2015, we are targeting
approximately 1 million Wi-Fi to be installed in various regions in Indonesia.
With the high speed internet service, the public will be satisfied to surf in
cyberspace and perform a variety of productive activities.</font></p>

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development of wi-fi in border areas </font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">PARTNERSHIP AND COMMUNITY
DEVELOPMENT PROGRAM (</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8220;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">PKBL</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&#8221;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">)&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom, as a
State-Owned Enterprise (&#8220;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">SoE</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221;), has an obligation to carry out its social
responsibility to the community. This social initiative is manifested in the
form of Partnership and Community Development Program. The goal of the Program
is community empowerment that focuses on the economic and social dimension
related both directly </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> indirectly to the main business of Telkom.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">State-Owned
Enterprises Partnership Program with Small Enterprises or Partnership Program
is a program to enhance the ability of small businesses to become resilient and
independent through the use of funds from the profit of State-Owned
Enterprises. This program provides assistance in the form of a revolving loan
to be used as working capital for Micro and Small Enterprises. Meanwhile the
Community Development Program is a program to empower and develop the social
and environmental conditions of the area surrounding the Company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The legal basis for
Partnership and Community Development Program are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Law No 19 of June</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 19,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
2003 regarding State-Owned Enterprises.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Decision of the Minister of
State-Owned Enterprises No</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">KEP-100/MBU/2002 dated June</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 4,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2002
regarding the Assessment of the Soundness of the State-Owned Enterprises.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulation of the State Minister
of State-Owned Enterprises No</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Per-05/MBU/2007 dated April</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 27</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, 2007
regarding the Partnership Program of the State-Owned Enterprises with Small
Enterprises and Community Development Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Circular Letter No.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">SE-14/MBU/2008 dated June</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 30</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">, 2008
regarding the Optimization of Partnership Program Fund Through Distribution
Cooperation.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulation of the State Minister
for State-Owned Enterprises No</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Per-08/MBU/2013 dated</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> September</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 10,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">
2013 regarding the Fourth Amendment of Per.05/MBU/2007 on the Partnership
Program of the State-Owned Enterprises with Small Enterprises and Community
Development Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulation of the State Minister
for State-Owned Enterprises No</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Per-07/MBU/05/2015 dated</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">May&nbsp;</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 22,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2015 regarding the Partnership Program of the
State-Owned Enterprises with Small Enterprises and Community Development
Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulation of the State Minister
for State-Owned Enterprises No</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">.</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Per-09/MBU/07/2015 dated</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; July</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> 3,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2015
regarding the Partnership Program and Community Development Program of
State-Owned Enterprises.</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Through the
Partnership and Community Development Program, Telkom aspires to contribute to
the quality improvement of the environment surrounding the Company in order for
the Company to be well received by the public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=TCDC></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">TELKOM
COMMUNITY DEVELOPMENT CENTER</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Telkom, as a
State-Owned Enterprise, is actively involved in community empowerment through
the Community Development Center (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CDC</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">) Unit. In its strategic position, the CDC assumes the
role as, among others, the mandate holder of the implementation of the
Partnership and Community Development Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Historically, CDC
originated from the Small Enterprises and Cooperative Development Program
(&#8220;PUKK&#8221;) in 2001. Along with regulatory changes and growing business demands,
PUKK turned into Community Development Center in 2003 through the Resolution of
the Board of Directors No 61/PS150/CTG-10/2003 regarding the Establishment of
the Organization of the Partnership and Community Development Program
Management Center.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.4pt;margin-right:0in;margin-top:0in;text-indent:-113.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Diagram 1: Organizational Structure of
Community Development Center (CDC)</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-113.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><img height=323 src="x16040107551802.gif" width=664>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">CDC as a unit that
manages Partnership and Community Development Program is a business enabler of
the Company and has determined its strategic programs with reference to the
Triple Bottom Line CSR, namely the </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Planet&nbsp;</font></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Assistance to the
Victims of Natural Disasters, Public Facilities Development as well as
Environmental Conservation)</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">, </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">People&nbsp;</font></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Education
and Training Development, Health Facilities Development as well as Religious
Facilities Development and Repairs), and </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Profit&nbsp;</font></b><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></i></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">(Partnership
Program Distribution, Poverty Alleviation, and Development Partners&#8217; Capacity
Building).</font></p>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:normal;">Table
of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The three pillars
are manifested, among others, in the form of Focus Programs, namely:</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Society, by establishing
digital-based educational and training facilities and infrastructures.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Environment, by helping to
preserve the environment through the Public Facilities Development.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Digital Economy, by enhancing the
effectiveness of the partnership program disbursement.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">These strategic
programs are the concrete manifestation of the CDC synergy with other business
units as well as the subsidiaries of the Company and its affiliates in
supporting the business of Telkom Group. Such support is expected to provide
the best results for sustainable business and stronger corporate reputation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=ROTFD></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">REALIZATION
OF THE FUND DISTRIBUTION OF PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">From 2001 to 2015,
the Company has distributed the fund from the Partnership and Community
Development Program amounted to Rp3.28 trillion. From the total amount,
Partnership Program funds amounted to Rp2.74 trillion are distributed to
117.551 Development Partners and Community Development Program funds amounted
to Rp0.54 trillion are dispersed all over to 34 provinces in Indonesia.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Realization of
Partnership Program Fund Distribution</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, the
Partnership Program fund is amounted to Rp340.96 billion and it has been
distributed to 11,981 Partners consisting of industrial, trade, agriculture,
livestock, plantation, fisheries, services, and other business sectors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The largest fund
distribution of Partnership Program in 2015 is to the Trade Sector, which
amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">193.97 billion, as well as the number of Development
Partners who receive the funding from partnership program in 2015.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Following are the
data of the number of Development Partners and Fund Distribution per Business
Sector from 2013 to 2015:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td rowspan=2 valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Location</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Fostered Partner</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total Distribution (Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Manufacture</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,895</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,183</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">694</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">56.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">70.5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.99</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Trade</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,972</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6,675</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,140</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">193.97</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">206.22</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">62.85</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Agriculture</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">222</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6.77</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6.72</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.43</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Livestock</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">429</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">428</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">153</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">12.81</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14.83</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Plantation</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">207</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">203</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5.56</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6.36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.05</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Fishery</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">333</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">296</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">112</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3.48</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Services</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,896</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,116</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">688</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">55.32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">70.27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.99</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.96</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11.77</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.52</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=6% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">11,981</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">12,163</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">3,975</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">340.96</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">396.42</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">118.21</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The number of
recipients of the partnership program fund in 2015 fell 1.5% compared to 2014
as well as the amount of funds distributed that decreased by 13.93% compared to
the previous year. The decline of the amount of funds distributed and the
number of beneficiaries of the partnership program fund is because the fund
provided in 2015 (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">384.31 billion) is less (-22.97%) than the fund
provided in 2014 (</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">498.92 billion).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The largest
distribution of Partnership Program fund is to the Province of West Java which
amounted to </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">66.09 billion or 19.38% of the total fund distributed
(</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Rp</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">340.96 billion), as well as the number of beneficiaries of the
Development Partners from Partnership Program amounted to 2,643 Development
Partners or 22.06% of the total number of beneficiaries of the Development
Partners from Partnership Program which amounted to 11,981 Partners.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Data for the Number
of Development Partners and Actual Fund Distribution Per Territory for 2015 are
as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td colspan=7 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Number of Fostered Partners and Realization of Fund
  Distribution by Region</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=61% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Region (Province)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Fostered Partner</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Actual Distribution (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Aceh</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">North Sumatera</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">468</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Sumatera</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">257</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Mainland Riau</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">233</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Riau Islands</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">167</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">South Sumatera</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Jambi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">127</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Bengkulu</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">157</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Lampung</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">171</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Bangka Belitung</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">162</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">DKI Jakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">599</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Banten</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">350</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">13</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Java</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2,643</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">66</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Central Java</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,253</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Special Region Yogyakarta</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">249</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Java/Madura</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1,710</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">50</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">437</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">458</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">238</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">20</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Central Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">253</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">84</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Bali</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">140</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Nusa Tenggara</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">125</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Nusa Tenggara</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">94</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">South Sulawesi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">355</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Central Sulawesi</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">134</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Southeast Sulawesi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">28</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">North Sulawesi</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">126</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Sulawesi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Gorontalo</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">135</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Maluku</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">North Maluku</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">110</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">West Papua</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=4% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=61% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">East Papua</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">116</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td colspan=3 valign=bottom width=66% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Total Number</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">11,981</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">341</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:9.0pt;margin-top:0in;"><a name=DROTCD></a><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">DISTRIBUTION REALIZATION OF THE COMMUNITY DEVELOPMENT
PROGRAM</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:9.0pt;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2015, the Company
gives priority to providing assistance in improving the quality of the
Indonesian society in entering the digitalization era through the Education and
Training Development by absorbing fund amounted to 50.9% of total distribution
of the Community Development Program as well as the Public Facilities
Development Program that absorbs the fund of 19.47%. Nevertheless, the Company
does not rule out the Community Development Program in other fields.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Details of the fund
distribution of Community Development Program per type of assistance for 2013
to 2015 are as illustrated by the following table.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td rowspan=2 valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">No</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Donation Type</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=46% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Donation Value (Rp million)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Nature disaster victims</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">4.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Education and/or training</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">41.15</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">40.83</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">20.96</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Healthcare improvement</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8.49</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Improvement for facility
  and/or public facility</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">15.74</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">9.43</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">5.54</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Religion facility</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8.47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">16.23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">13.28</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Natural preservation</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.75</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Proverty</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">0.01</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.04</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">6.63</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Capacity Improvement
  Development Partners</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">3.52</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Sub Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">72.41</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">81.19</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">53.75</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Operational Expense</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">8.43</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">1.62</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" style="font-size:9.0pt;">2.01</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=49% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">80.84</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">82.81</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">55.76</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=2% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">CAGR (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">-2.37</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">48.49</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Distribution
realization of Community Development Program fund in 2015 reached Rp80.84
billion, a decrease of 2.37% from 2014, which amounted to Rp82.80 billion. In
2015, 2 (two) management policies of Partnership and Community Development
Program are published, namely the Regulation of the State Minister for
State-Owned Enterprises No Per-07/MBU/05/2015 dated May 22, 2015 on the
Partnership Program of State-Owned Enterprises with Small Enterprises and
Community Development Program, and Regulation of the State Minister for
State-Owned Enterprises No Per-09/MBU/07/2015 dated July 3, 2015 on the
Partnership and Community Development Program of State-Owned Enterprises. With
these two regulations, the Company needs to make adjustments in managing
Community Development fund in order to comply with the regulations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">As for the
monthly average, the distribution of the fund of Community Development Program
in 2015 was recorded at Rp8.18 billion or increased by 18.61% from the monthly
average of the fund disbursement in 2014, which amounted to Rp6.9 billion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><a name=PACDPP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">PARTNERSHIP
AND COMMUNITY DEVELOPMENT PROGRAM PERFORMANCE &amp; CSR INDEX</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Based on the
Decision of the State Minister for State-Owned Enterprises No Kep-100/MBU/2002
dated, June 4, 2002, the effectiveness level of Partnership Program&#8217;s loan
distribution and loan repayment collectability is part of the assessment for a
healthy State-Owned Enterprise.</font></p>

<p style="margin-bottom:.0001pt;margin-left:28.35pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Effectiveness of the Distribution of
Partnership Program Fund </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The effectiveness rate of the distribution of
Partnership Program fund is calculated by dividing the amount of fund
distributed by the amount of fund available. The amount of fund distributed is
the total fund distributed to small businesses as Development Partners of the
Company in the current year.</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the achievement of effectiveness rate
of the distribution of the Partnership Program fund is 90.28% with the
acquisition value of 3, increased substantially better than the attainment of
the effectiveness of the distribution in 2014 which amounted to 82.52% with a
value of 1.</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Calculation of the Effectiveness Distribution
of Partnership Program Fund</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.38%;">
 <tr>
  <td valign=bottom width=51% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Source
  of fund (Rp billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Distributed Fund</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">348.97</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">411.72</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">140.77</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Available Fund</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">384.34</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">498.92</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">382.43</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Eff Rate of Distribution Fund
  Effectiveness Rate Score of</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">90.28%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">82.52%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">90%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=MS style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">Distribution Fund</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:9.0pt;line-height:normal;">In 2013, based on the decision of the State
Minister for State-Owned Enterprises, the fund distribution was stopped, and
the effectiveness of fund distribution of all State-Owned Enterprises was
synchronized with a Score of 3.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Partnership Program Refund Collectability</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The Partnership Program&#8217;s loan collectability
rate is a comparison between the average of the weighted average of loan
collectability to total outstanding loans (loan balance). The weighted average
of loan collectability is obtained by multiplying the collectability value with
the loan balance based on the loan quality (performing: 100%; substandard: 75%;
doubtful: 25% and non-performing: 0%).</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-42.5pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the attainment rate of Partnership
Program&#8217;s loan repayment collectability was recorded at 71.37% with the
achievement of maximum value of 3, or lower than the collectability level of
2014, which amounted to 82.02% with a maximum value of 3.</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-42.5pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Calculation
of Loan Partnership Program Collectability Rate</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:95.68%;">
 <tr style="height:1.0pt;">
  <td nowrap rowspan=2 valign=bottom width=50% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Loan
  Quality</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 nowrap valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Loan
  Balance</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">(Rp
  billion)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td nowrap valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Weighted
  Average</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Performing</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2</font><font face="Times New Roman" style="font-size:9.0pt;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">031</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">52&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2.031,52</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Substandard</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">160</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">35&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">75</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">120</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">26&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Doubtful</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">66</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">71&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">16</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">68&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Non-performing</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">779</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">80&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Amount</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font><font face="Times New Roman" style="font-size:9.0pt;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">038</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">2</font><font face="Times New Roman" style="font-size:9.0pt;">,</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">168</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">46&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Collectability Rate</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">71</font><font face="Times New Roman" style="font-size:9.0pt;">.</font><font face="Times New Roman" lang=IN style="font-size:9.0pt;">37%&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td nowrap valign=bottom width=50% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">Collectability Rate Score</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">CSR Index</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the Company measured the CSR Index
reaching 73.18. The index illustrates that the achievement of CSR activities
undertaken by the Company had an effect of 73% on customer loyalty and
reputation of the company.</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In addition to measuring CSR Index, the
Company also measured how much people recommend using Telkom products, which
are measured by the Net Promoter Score formula.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Diagram 2: Net Promoter Score Achievement</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><img border=0 height=128 src="x16040107551900.jpg" width=540>&nbsp;</p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">NPS = Promoters - Detractors</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">PNS measurement result by 24.22% in 2015 showed
positive values of community perspective in recommending the use of Telkom&#8217;s
product.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Furthermore, the CSR Index measurements
continue to be developed to determine the extent of impact that CSR activities
have on investors in making an investment decision in the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><a name=AACDPP></a><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">ACTIVITIES AND COMMUNITY DEVELOPMENT PARTNERSHIP PROGRAM</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, the
Company has realized the distribution of funds for Partnership Program for
Development Partners in 34 Provinces. Development Partners receiving financial
assistance were small businesses whose products have a fairly high
competitiveness but were having difficulty in marketing the products, limited
human resources ability, business management, capital, and technology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Before the
funds were disbursed, the Company provided briefings in the form of education
and management training with the hope that Development Partners were able to
manage and develop their businesses better.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">With regards
to Community Development Programs (&#8220;</font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">BL</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&#8221;) conducted in 2015, a series of
activities has been realized, including Assistance for Victims of Natural
Disasters, Assistance in Education and Training, Assistance in Public Health,
Assistance in Public Facilities, Assistance in Religious Facilities, Assistance
in Nature Conservation, Assistance in Poverty Alleviation and Assistance in the
Capacity Building of Development Partners.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance for Victims of Natural Disasters</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance to victims of natural disasters is
aimed to ease the burden of people affected by disasters. In 2015, the Company
provided assistance to victims of natural disasters, including floods in the
district of Bandung, haze in Sumatra and Kalimantan, as well as victims of the
eruption of Mount Sinabung.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Education and Training Assistance </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Improving the quality of public education is a
major concern of the Company and its implementation is one of the core
activities of the Community Development Program. This is done based on the
consideration that education is one of the main foundations for the improvement
of public welfare.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance provided, inter alia, were
construction and development of a Creative Camp in five (5) cities, among
others, Bandung, Depok, Bekasi, Pekanbaru and Denpasar; providing Internet
training to 2,000 teachers across Indonesia through Indonesia Digital Learning
program, building WiFi Corners up to the border areas, as well as the
development of and appreciation for youths in optimizing digital technologies
through the NextDev Program published on social media (youtube).</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Public Health Assistance</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In 2015, we prioritized aid in the health
sector to actions that supported the improvement of public health. Assistance
was given, among others, in the form of blood donation, cataract surgery, mass
circumcisions and distribution of staple foods to improve the quality of
community nutrition as well as Reconstruction of Veterans&#8217; Homes
with as many as 45 houses in 10 Cities that were part of the </font><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&quot;BUMN
Hadir untuk Negeri&quot;</font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;"> Program as part of the celebration of Indonesia&#8217;s
70th Independence Day.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.85pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.85pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance to Public Facilities</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Other direct benefits that society experiences
as a result of the Company is the development of infrastructure and utilities
intended for the public.</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">The assistance given were, among others, in
the form of construction of gates and the revitalization of parks in order to
welcome the Asia-Africa Conference in Bandung, garbage disposal (incinerator)
given to the community, and the development of an amphitheater in Banyuwangi</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-28.35pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance in Religious Facilities </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In addition to the construction of public
facilities, the Company also paid attention to the development and improvement
of religious facilities. Assistance disbursed was in the form of repair or
construction of places of worship in the work areas of the Company. Assistance
given included, among others, aid in the building of mosques, churches and
temples.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance in Environmental Conservation</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.55pt;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">In an effort to
realize environmentally friendly areas, we also carry out reforestation activities
such as tree planting, especially on critical and barren land.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.55in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">7.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Assistance in Poverty Alleviation</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">Through assistance in poverty alleviation,
Telkom hopes to uplift the living standards of the poor in both urban and rural
areas. Assistance is provided in the form of skill improvement training, which
improve welfare in a continuous manner.</font></p>

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<P style="MARGIN: 0in 0in 0pt">
<A href="#TOC1"><U><FONT style="FONT-SIZE: 8pt" lang=EN-US color=blue face="Times New Roman">Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">8.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Increasing the Capacities of Development Partners</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Assistance to Development Partners was totally carried out by all components of the Company including the Commissioner of the Company in the form of grants. The activities included promotion and development through training programs and visits in the spirit of exchanging views on business development and motivation.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">a.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Promotion and Marketing</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">The Company provided development assistance in the form of promotion and marketing by including Development Partners in various exhibitions both nationally and internationally. An example is the Sail Tomini Exhibition. The Company also helped the promotion of Development Partners&#8217; products so that they could participate in the global market through an online store (http://www.blanja.com).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 70.9pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">b.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Education and Training for Development Partners</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Activity for Development Partners were done, among others, through internet training programs for Development Partners and Visit Activities aimed to provide motivation and insight on business development.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">One of the results of the capacity-building of Development Partners is the attainment of the Adibakti Mina Bahari Award by the President of the Republic of Indonesia for a Development Partner, Patin Fish Fisheries, and its Supervisors from the Company, in Kampar, Riau Province, on December 11</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">, </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">2015.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><A name="EVP"></A><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">EMPLOYEE VOLUNTEER PROGRAM (EVP)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Employee Volunteer Program (&#8220;EVP&#8221;) is part of the Work Life Integration main program, which serves as a forum to facilitate social community activities, initiated by Insan Telkom Group (&#8220;Telkomers&#8221;), both individually and through the community of employees in the Telkom Group.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">The main purpose of EVP is to increase the spirit of Telkomers to have the "Spirit of Loving", "Spirit of Giving" and "The More You Give - The more you get" in the context of Telkomers always wanting to make a positive contribution to the society and to Indonesia and the Universe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">As a means of communication and information activities of EVP, the Company facilitates through the website (http://www.evp.telkom.co.id). Throughout 2015, we recorded that as many as 1,722 Telkomers have enrolled in the EVP program with an awareness index of 85.85%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">Employee Volunteer Program Activities are divided into four (4) main activities, namely Education, Environmental, Cultural Preservation, and Social Service.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 42.55pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face=symbol>&#183;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp; &nbsp;</FONT><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">&nbsp;&nbsp; Education</FONT></B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"> conducted throughout 2015 in the form of teaching in formal and informal educational institutions.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 42.55pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face=symbol>&#183;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp; &nbsp;</FONT><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">&nbsp;&nbsp; Cultural Preservation</FONT></B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"> includes the direct participation of Telkomers in social activities in the field of traditional culture, through teaching activities and active participation on cultural guiding to the younger generation.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 42.55pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face=symbol>&#183;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp; &nbsp;</FONT><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">&nbsp;&nbsp; Environment</FONT></B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman"> (</FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">save the planet</FONT></I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">) includes the direct participation in social activities for the improvement of the environment, among others, environmental cleanliness activities undertaken by the Bicycle and Motorcycle Community and tree planting activities undertaken by the Telkom Employees Union Community.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 42.55pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face=symbol>&#183;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN face="times new roman">&nbsp; &nbsp;</FONT><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">&nbsp;&nbsp; Social Community </FONT></B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">includes Telkomers&#8217; social activities by becoming social activities initiators, for example by providing clean water for the village community experiencing drought as well as campaigning by biking to work (</FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">bike to work) </FONT></I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN face="Times New Roman">in Bandung.</FONT></P>

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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of
Contents</font></u></a></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">APPENDICES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=DEFIN></a><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">DEFINITIONS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">3G</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
generic term for third generation mobile telecommunications technology. 3G
offers high speed connections to cellular phones and other mobile devices,
enabling video conference and other applications requiring broadband
connectivity to the internet.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">3.5G</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
grouping of disparate mobile telephony and data technologies designed to
provide better performance than 3G systems, as an interim step towards
deployment of full 4G capability.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">4G/LTE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">A fourth generation super fast internet network technology based on
Internet Protocol (IP) that makes the process of data transfer much faster and
stable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Adjusted
EBITDA</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Adjusted
EBITDA is defined as earnings before interest, tax, depreciation and
amortization. Adjusted EBITDA and other related ratios in this Annual Report
serve as additional indicators on our performance and liquidity, which is a
non-GAAP financial measure. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ADS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">American
Depositary Share (also known as an American Depositary Receipt, or an &#8220;ADR&#8221;), a
certificate traded on a U.S. securities market (such as New York Stock
Exchange) representing a number of foreign shares. Each of our ADS represents
200 of our Series B shares having a par value of Rp50 per share (&quot;common
stock&quot;).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">ADSL</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Asymmetric Digital
Subscriber Line, a type of digital subscriber line technology, a data
communications technology that enables faster data transmission over copper
telephone lines than a conventional voice band modem can provide.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">APMK</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Alat
Pembayaran Menggunakan Kartu</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> or
card-based payment instruments, a payment instrument in the form of credit
cards, Automated Teller Machine (&#8220;ATM&#8221;) and/or debit cards.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Average
Revenue per User, a measure used primarily by telecommunications and networking
companies which states how much money we make from the average user. It is
defined as the total revenue from specified services divided by the number of
consumers for those services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Backbone</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
main telecommunications network consisting of transmission and switching
facilities connecting several network access nodes. The transmission links
between nodes and switching facilities include microwave, submarine cable,
satellite, optical fiber and other transmission technology.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Bandwidth</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
capacity of a communication link.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Bapepam-LK</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Badan
Pengawas Pasar Modal dan Lembaga Keuangan</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, or the Indonesian Capital Market and Financial Institution
Supervisory Agency, the predecessor to the OJK.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Broadband</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
signaling method that includes or handles a relatively wide range (or band) of
frequencies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">BSC</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Base
Station Controller, an equipment responsible for radio resource allocation to
mobile station, frequency administration and handover between BTSs controlled
by the BSC.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">BSS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Base
Station Subsystem, the section of a cellular telephone network responsible for
handling traffic and signaling between a mobile phone and the network switching
subsystem. A BSS is composed of two parts: the BTS and the BSC.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">BTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Base
Transceiver Station, equipment that transmits and receives radio telephony
signals to and from other telecommunication systems.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">BWA</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Broadband Wireless
Access, a technology that provides high speed wireless internet access or
computer networking access over a wide area.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CDMA</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Code
Division Multiple Access, a </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">transmission technology where
each transmission is sent over multiple frequencies and a unique code is
assigned to each data or voice transmission, allowing multiple users to share
the same frequency spectrum.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CPE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer
Premises Equipment, any handset,
receiver, set-top box or other equipment used by the consumer of wireless,
fixed line or broadband services, which is the property of the network operator
and located on the customer premises.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DCS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Digital
Communication System, a mobile cellular system using GSM technology operating
in the 1.8 GHz frequency band.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Defined
Benefit Pension Plan</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
type of pension plan in which an employer promises a specified monthly benefit
on retirement that is predetermined by a formula based on the employee&#8217;s
earnings history, tenure of service and age, rather than depending on
investment returns. It is considered &#8216;defined&#8217; in the sense that the formula
for computing the employer&#8217;s contribution is known in advance.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Defined
Contribution Pension Plan</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
type of retirement plan in which the amount of the employer&#8217;s annual
contribution is specified. Individual accounts are set up for participants and
benefits are based on the amounts credited to these accounts (through employer
contributions and, if applicable, employee contributions) plus any investment
earnings on the money in the account. Only employer contributions to the
account are guaranteed, not the future benefits. In defined contribution plans,
future benefits fluctuate on the basis of investment earnings.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DLD<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Domestic Long Distance, a long
distance call service designed for customers who live in different areas but
still within one country. These areas normally have different area codes.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">DTH</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Direct-to-Home
satellite broadcasting, the distribution of television signals from
high-powered geostationary satellites to small dish antennas and satellite
receivers in homes across the country.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e-Business<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Electronic Business solutions,
including electronic payment services, internet data centers and content and
application solutions. </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">Refer to &#8220;New Economy Business (&#8220;NEB&#8221;) and Strategic
Business Opportunities Portfolio&#8221; under Business Overview.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e-Commerce</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Electronic Commerce, the buying and selling of products or services over electronic systems such as the internet and
other computer networks. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e-Money</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Electronic Money,
money
or script that is only exchanged electronically.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">e-Payment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">Also known as
electronic funds transfer, the</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
electronic exchange or transfer of money from one account to another, either
within a single financial institution or across multiple institutions, through computer-based
systems.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">E1
</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
backbone transmission unit which operates over two separate sets of wires,
usually twisted pair cable. E1 data rate is 2,048 Mbps (full duplex), which is
divided into 32 timeslots.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Earth
Station</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
antenna and associated equipment used to receive or transmit telecommunication
signals via satellite.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">EDGE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Enhanced Data rates for GSM Evolution, a digital mobile
phone technology that allows improved
data transmission rates as a backward-compatible extension of GSM.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Edutainment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Education
and Entertainment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed
Line</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed
wireline and fixed wireless.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed
Wireless</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The local wireless transmission link using a cellular,
microwave, or radio technology to connect customers at a fixed location to the
local telephone exchange.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed
Wireline</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
fixed wire or cable path linking a subscriber at a fixed location to a local
exchange, usually with an individual phone number.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">FTT</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">H&nbsp;</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"><br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">F</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">iber </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">T</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">o </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">T</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">he </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">H</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">ome&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> are
the implementation of fiber optic network that reaches up to customer point or
known as customer premise.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gateway</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
peripheral that bridges a packet based network (IP) and a circuit based network
(PSTN).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gb</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gigabyte, a unit
of information used, for example, to quantify computer memory or storage
capacity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gbps </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gigabyte per second,
the average number of bits, characters, or blocks per unit time passing between
equipment in a data transmission system. This is typically measured in
multiples of the unit bit per second or byte per second.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">GHz</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gigahertz.
The hertz (symbol Hz), the international standard unit of frequency defined as the number of cycles per second
of a periodic phenomenon.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">GMS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General
Meeting of Shareholders, which may be an Annual General Meeting of Shareholders
(&#8220;AGMS&#8221;) or an Extraordinary General Meeting of Shareholders (&#8220;EGMS&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">GPON</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Gigabyte-Passive
Optical Network, the most widely deployed
type of passive optical network system that brings optical fiber cabling and
signals all or most of the way to end users.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">GPRS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General
Packet Radio Service, a data packet switching technology that allows information
to be sent and received across a mobile network and only utilizes the network
when there is data to be sent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">GSM</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Global
System for Mobile Telecommunication, a European standard for digital cellular
telephone.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">Homepass</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">A connection
with access to fixed line voice, IPTV and broadband services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IDD</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">International
Direct Dialing, a service that allows a subscriber to make an international
call without the assistance or intervention of an operator from any telephone
terminal.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IMT-2000</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">International
Mobile Telecommunications-2000, a body of
specifications provided by the International
Telecommunication Union. Application
services include wide area wireless voice telephone, mobile
internet access, video calls and mobile TV, all
in a mobile environment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Installed
Lines&#160;&#160;&#160; </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Complete
lines fully built-out to the distribution point and ready to be connected to
subscribers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interconnection</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">The physical linking
of a carrier&#8217;s network with equipment or facilities not belonging to that
network.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IP</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Internet
Protocol, the method or protocol by which data is sent from one computer to
another on the internet.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IP
Core</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
block of logic data that is used in making a field programmable gate array </font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">or application-specific integrated circuit </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">for a product.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IP
DSLAM</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Internet
Protocol-Digital Subscriber Line Access Multiplexer, a network device located
near the customer&#8217;s location that allows telephone lines to make faster
connections to the internet by connecting multiple customer Digital Subscriber
Lines (DSLs) to a high-speed internet backbone line using multiplexing
techniques.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">IPO</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Initial Public Offering, the first sale of stock by a company to the
public.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">IPTV</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Internet
Protocol Television, a system through which television services are delivered
using the Internet Protocol suite over a packet-switched network such as the
internet, instead of being delivered through traditional terrestrial, satellite
signal, and cable television formats.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ISP</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Internet
Services Provider</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">,&nbsp;</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> an organization
that provides access to the internet.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">KSO</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Kerjasama Operasi, </font></i><font face="Times New Roman" lang=IN style="font-size:10.0pt;">a form of joint operation agreement that includes
build, operate and transfer </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">which
arrangement was previously</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> used
by Telkom, in which the consortium partners invest and operate facilities owned
by Telkom in regional divisions. The consortium partners are owned by
international operators and national private companies or Telkom.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Lambda</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Lambda
indicates the wavelength of any wave, especially in physics, electronics
engineering and mathematics.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Leased
Line</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
dedicated telecommunications transmissions line linking one fixed point to
another, rented from an operator for exclusive uses.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Mbps</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Megabyte
per second, a measure of speed for digital signal transmission expressed in
millions of bits per second.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Metro
Ethernet</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Bridge
or relationship between locations that are apart geographically, this network
connects LAN customers at several different locations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MHz</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Megahertz,
a unit of measure of frequency equal to one million cycles per second.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Mobile Broadband</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The marketing term for wireless internet access
through a portable modem, mobile phone, USB Wireless Modem or other mobile devices.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MoCI</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
Ministry of Communication and Information, to which regulatory responsibility
over telecommunications was transferred from the Ministry of Communication
(&#8220;MoC&#8221;) in February 2005.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MSAN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Multi
Service Access Node, represent the third generation of optical access network
technology and are single platforms capable of supporting traditional, widely
deployed, access technologies and services as well as emerging ones, while
simultaneously providing a gateway to a NGN core. MSAN will enable us to
provide triple play services that distribute high speed internet access, voice
packet services and IPTV services simultaneously through the same
infrastructure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">MSOE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Ministry
of State-Owned Enterprises.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Network Access Point</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A public network exchange facility where ISPs connected
with one another in peering arrangements. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">NGN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Next
Generation Network, a general term that refers to a packet-based network able
to provide services, including telecommunication services, and able to make use
of multiple broadband, quality of service enabled transport technologies and in
which service-related functions are independent from underlying transport
related technologies. A NGN is intended to be able to, with one network,
transport various services (voice, data, and various media such as video) by
encapsulating these into packets, similar to how such packets are transmitted
on the internet. NGNs are commonly built around the Internet Protocol.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Node
B</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
BTS for a 3G W-CDMA/UMTS network.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">OJK</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">Otoritas Jasa
Keuangan</font></i><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">, or the
Indonesian Financial Services Authority, the successor of Bapepam-LK, is an
independent institution with authority to regulate and supervise financial
services activities in the banking sector, capital market sector as well as
non-bank financial industry sector.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Optical
Fiber</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cables
using optical fiber and laser technology through which modulating light beams
representing data are transmitted through thin filaments of glass.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pay TV</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pay
Television, premium television, or premium
channels, subscription-based television services, usually provided by both analog and digital cable and satellite, but
also increasingly via digital terrestrial and internet
television.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">PDN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Packet
Data Network, a digital communications network which breaks a group data to be
transmitted into segments called packets, which are then routed independently.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">PKLN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Tim
Pinjaman Komersial Luar Negeri</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, or
Foreign Commercial Loan Coordinating Team, an inter-agency team of the
Government charged with, among others, considering requests of Indonesian
State-Owned Enterprises such as us for consent to obtain foreign commercial
loans.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">POWL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">Public Offering Without Listing.</font><font face="times new roman" lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="times new roman" lang=X-NONE style="font-size:10.0pt;">Premium SMS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Premium </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Short Message Service, a text
messaging service component of phone,
web, or mobile communication systems, using standardized communications protocols that allow the exchange of short text messages between fixed line or mobile phone
devices.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">PSTN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Public
Switched Telephone Network, a telephone network operated and maintained by us
and the KSO Units for us and on our behalf.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pulse</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
unit in the calculation of telephone charge.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">Radio Frequency
Spectrum</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The part of the electromagnetic spectrum corresponding
to radio frequencies, i.e. frequencies lower than around 300 GHz (or,
equivalently, wavelengths longer than about 1 mm).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">RIO</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Reference
Interconnection Offer, a regulatory term covering all facilities, including
interconnection tariffs, technical facilities and administrative issues offered
by one telecommunications operator to other telecommunications operator for
interconnection access.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">RMJ<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Regional Metro Junction, an
inter-city cable network installation service in one regional
(region/province).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Roaming</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
general term referring to the extension of connectivity service in a location
that is different from the home location where the service was registered.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Satellite
Transponder</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Radio
relay equipment embedded in a satellite that receives signals from earth and
amplifies and transmits the signal back to the earth.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SCCS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Submarine Communications Cable System, a cable laid on the sea bed between land-based
stations to carry telecommunication signals across stretches of ocean. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SME</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Small
and Medium Enterprise.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SMS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Short
Messaging Service, a technology allowing the exchange of text messages between
mobile phones and between fixed wireless phones.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SOE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">State-Owned
Enterprise, a Government-owned
corporation, state-owned company, state-owned entity, state enterprise, publicly
owned corporation, Government business enterprise, or parastatal, a legal
entity created by a Government to undertake commercial activities on behalf of an owner Government.</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">Softswitch</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
central device in a telephone network that connects calls from one phone line
to another, entirely by means of software running on a computer system. This
work was formerly carried out by hardware, with physical switchboards to route
the calls.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">STM-1</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN style="font-size:10.0pt;">Synchronous Transport Module level-1, the SDH ITU-T fiber optic network
transmission standard with a bit rate of 155.52 Mbps. The other standards are
STM-4, STM-16 and STM-64.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Switch</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A
mechanical, electrical or electronic device that opens or closes circuits,
completes or breaks an electrical path, or selects paths or circuits, used to
route traffic in a telecommunications network.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Terra Router</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Terra Router or terabit router on the theory allows
the network capacity on a scale of terabits (1 terabit = 1 million gigabits).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">TIME</font></b><b><font face="Times New Roman" lang=IN style="font-size:10.0pt;">S&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Telecommunication,
Information, Media</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Edutainment</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;"> and Service</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">TPE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">a
normalized way to refer to transponder bandwidth it simple means how many
transponders would be used if the same total bandwidths used only 36 Mt
transponder (1 TPE = 36 MHz).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">UMTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Universal
Mobile Telephone System, one of the 3G mobile systems being developed within
the ITU&#8217;s IMT-2000 framework.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">USO</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Universal
Service Obligation, the service obligation imposed by the Government on all
telecommunications services providers for the purpose of providing public
services in Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">VoIP</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Voice
over Internet Protocol, a means of sending voice information using the IP.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">VPN</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Virtual
Private Network, a secure private network connection, built on top of
publicly-accessible infrastructure, such as the internet or the public
telephone network. VPNs typically employ some combination of encryption, digital
certificates, strong user authentication and access control to secure the
traffic they carry. These provide connectivity to many machines behind a
gateway or firewall.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">VSAT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Very
Small Aperture Terminal, a relatively small antenna, typically 1.5 to 3.0
meters in diameter, placed in the user&#8217;s premises and used for two-way
communications by satellite.</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><a href="#TOC1"><u><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">Statement of<a name=STATEMENT></a> the Member of Board
of Commissioners and Directors</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">Regarding Responsibility for Annual Reporting 2015</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=IT style="font-size:14.0pt;">Perusahaan Perseroan (Persero) PT
Telekomunikasi Indonesia Tbk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=bookantiqua lang=ES style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=bookantiqua lang=ES style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=bookantiqua lang=EN-US style="font-size:10.0pt;">We hereby that all information
has been fully disclosed in Annual Report 2015 </font><font face="Times New Roman" lang=IT style="font-size:10.0pt;">Perusahaan Perseroan (Persero) PT Telekomunikasi
Indonesia Tbk</font><font face=bookantiqua lang=EN-US style="font-size:10.0pt;"> and
we are solely responsible for the accuracy of the content.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=bookantiqua lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=bookantiqua lang=EN-US style="font-size:10.0pt;">This statement is considered
to be true and correct.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Jakarta, March 28, 2016</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Board of
  Commissioners</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">Hendri
  Saparini</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">President
  Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Hadiyanto</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">Dolfie Othniel Fredric Palit</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Margiyono
  Darsasumarja</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Commissioner</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-AU style="font-size:10.0pt;line-height:normal;">Parikesit Suprapto</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent
  Commissioner</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Rinaldi
  Firmansyah</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent
  Commissioner</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">P.
  Pamela Johanna Waluyo</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Independent
  Commissioner</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:749.000000pt;">
 <tr style="height:8.5pt;">
  <td colspan=6 valign=bottom width=100% style="height:8.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Board of
  Directors</font></p>
  </td>
 </tr>
<tr>
  <td colspan=6 valign=bottom width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=SV style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Alex
  J. Sinaga</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">President
  Director</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=bottom width=35% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Heri
  Sunaryadi</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Finance</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=31% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Muhammad
  Awaluddin</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Enterprise &amp; Business Service</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Indra
  Utoyo</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Innovation &amp; Strategic Portfolio</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Dian
  Rachmawan</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Consumer</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=23% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Abdus
  Somad Arief</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Network IT &amp; Solution</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Herdy
  Rosadi Harman</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Human Capital Management</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Honesti
  Basyir</font></b></p>
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;line-height:normal;">Director
  of Wholesale &amp; International Service</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=29%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=17%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=22%>&nbsp;</td>
 </tr>
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 <tr>
  <td valign=bottom width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original financial statements included
  herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT
  TELEKOMUNIKASI INDONESIA Tbk</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT PENGELOLAAN
  PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">AS OF DECEMBER 31,
  2015</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">AND FOR THE YEAR THEN ENDED WITH INDEPENDENT AUDITORS&#8217;
  REPORT</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=TOC2></a><b><font face=arial,sans-serif style="font-size:9.0pt;">Table of Contents</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Page</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">SGM CDC&#8217;s Statement</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Independent Auditors&#8217; Report</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Statement of Financial Position</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Statement of Activities</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Statement of Cash Flows</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=88% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Notes to the Financial Statements</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">4 - 37</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">************************</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><img alt="logo ey.JPG" border=0 height=125 id="Picture0" src="x16040107551901.jpg" width=631></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face="eyinterstate light" lang=X-NONE style="font-size:7.0pt;">The
  original report included herein is in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="eyinterstate light" lang=EN-US style="font-size:20.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <h2 style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;"><b><i><font face="eyinterstate light" style="font-size:9.0pt;line-height:115%;">Independent
  Auditors&#8217; Report</font></i></b></h2>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" style="font-size:9.0pt;">Report
  No. RPC-</font><font face="eyinterstate light" lang=IN style="font-size:9.0pt;">103</font><font face="eyinterstate light" style="font-size:9.0pt;">/PSS/201</font><font face="eyinterstate light" lang=IN style="font-size:9.0pt;">6/DAU&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
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  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><b><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">The Shareholders,
  Board of Commissioners and Directors Perusahaan Perseroan (Persero) PT
  Telekomunikasi Indonesia Tbk</font></b></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><b><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><b><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">Management of Pusat
  Pengelolaan Program Kemitraan dan Program Bina Lingkungan (Community
  Development Center) Perusahaan Perseroan (Persero) PT Telekomunikasi
  Indonesia Tbk</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">We have audit</font><font face="eyinterstate light" lang=IN style="font-size:9.0pt;">ed&nbsp;</font><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;"> the
  accompanying financial statements of Pusat Pengelolaan Program Kemitraan dan Program
  Bina Lingkungan (Community Development Center) Perusahaan Perseroan (Persero)
  PT Telekomunikasi Indonesia Tbk (&#8220;CDC&#8221;), which comprise of financial position
  as of December 31, 2015, and the statement of activities and statement of
  cashflows for the year then ended, and a summary of significant accounting
  policies and other explanatory information.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><b><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">Management&#8217;s
  responsibility for the financial statements</font></b></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">CDC&#8217;s management is
  responsible for the preparation and fair presentation of these financial statements
  in accordance with the Non-Publicly Accountable Entities Financial Accounting
  Standards, and for such internal control as management determines is
  necessary to enable the preparation of financial statements that are free
  from material misstatement, whether due to fraud or error.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <h1 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><font face="eyinterstate light" lang=NL style="font-size:9.0pt;">Auditors&#8217; responsibility</font></b></h1>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">Our responsibility
  is to express an opinion on these financial statements based on our audit. We
  conducted our audit in accordance with Standards on Auditing established by
  the Indonesian Institute of Certified Public Accountants. Those standards
  require that we comply with ethical requirements and plan and perform the
  audit to obtain reasonable assurance about whether the financial statements
  are free from material misstatement.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><img alt="logo ey bwh.JPG" border=0 height=54 src="x16040107551902.jpg" width=269>&nbsp;</p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">262</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><img alt=EY.JPG border=0 height=113 src="x16040107551903.jpg" width=118>&nbsp;</p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face="eyinterstate light" lang=X-NONE style="font-size:7.0pt;">The
  original report included herein is in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <h2 style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;"><b><i><font face="eyinterstate light" style="font-size:9.0pt;line-height:115%;">Independent
  Auditors&#8217; Report (continued)</font></i></b></h2>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" style="font-size:9.0pt;">Report
  RPC-</font><font face="eyinterstate light" lang=IN style="font-size:9.0pt;">103</font><font face="eyinterstate light" style="font-size:9.0pt;">/PSS/201</font><font face="eyinterstate light" lang=IN style="font-size:9.0pt;">6/DAU </font><font face="eyinterstate light" style="font-size:9.0pt;">(continued)&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">An audit involves
  performing procedures to obtain audit evidence about the amounts and
  disclosures in the financial statements. The procedures selected depend on
  the auditors&#8217; judgment, including the assessment of the risks of material
  misstatement of the financial statements, whether due to fraud or error. In
  making those risk assessments, the auditors consider internal control
  relevant to the entity&#8217;s preparation and fair presentation of the financial
  statements in order to design audit procedures that are appropriate in the
  circumstances, but not for the purpose of expressing an opinion on the
  effectiveness of the entity&#8217;s internal control. An audit also includes
  evaluating the appropriateness of accounting policies used and the
  reasonableness of accounting estimates made by management, as well as
  evaluating the overall presentation of the financial statements.</font></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">We believe that the
  audit evidence we have obtained is sufficient and appropriate to provide a
  basis for our audit opinion</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><b><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">Opinion</font></b></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin-bottom:0in;margin-left:.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.9pt;"><font face="eyinterstate light" lang=X-NONE style="font-size:9.0pt;">In our opinion, the
  accompanying financial statements present fairly, in all material respects,
  the financial position of Pusat Pengelolaan Program Kemitraan dan Program
  Bina Lingkungan (Community Development Center) as of December 31, 2015, and
  the results of its financial performance and cash flows for the year then
  ended in conformity with the Non-Publicly Accountable Entities
  Financial Accounting Standards.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="eyinterstate light" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<h2 align=center style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-align:center;"><b><i><font face="eyinterstate light" style="font-size:9.0pt;line-height:115%;">Purwantono, Sungkoro &amp;
Surja</font></i></b></h2>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:center;"><b><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">Deden
Riyadi</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">Public Accountant
Registration No. AP.0692</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="eyinterstate light" lang=EN-US style="font-size:9.0pt;">January 27, 2016</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>









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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">263</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_266"></a><a name="_bclPageBorder266"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The
  original financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT
  TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT PENGELOLAAN
  PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">STATEMENT OF
  FINANCIAL POSITION</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">Notes</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">December 31, 2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:8.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Cash
  and Cash Equivalents</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2b,4</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">164.471.231.080</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">119.512.444.975</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">Loan to other Foster SOE or Distributing Partners net of
  allowance for impairment losses of Rp11,444,509,078 (2014: Rp11,607,929,078)</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2c,2d,5</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">10.486.580.000</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">4.999.999.996</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">Loan to Foster
  Partners net of allowance for impairment losses of Rp109,770,010,235 (2014:
  Rp93,864,820,863)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2c,2d,6a,6b</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">412.697.815.866</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">458.634.533.531</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Fixed
  Asset Not in Use</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">7</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">Troubled Loan net of allowance
  for impairment losses of Rp82,673,017,234 (2014: Rp77,773,183,407)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2f,8</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">TOTAL
  ASSETS</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">587.655.626.946</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">583.146.978.502</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">LIABILITIES
  AND NET ASSETS</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">LIABILITIES</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">Other
  Current Liabilities</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">2j,9</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">10.972.947.055</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">Accrued
  Expenses</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">10</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif lang=NL style="font-size:8.0pt;">879.175.000</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Unidentified
  Installments</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2h,11</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">121.047.323</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">467.059.449</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Overpayment
  of Installments</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2i,12</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">1.313.285.449</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">158.652.706</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Other
  Payables</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2j,13</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">467.720.000</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">119.546.500</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:8.0pt;">TOTAL
  LIABILITIES</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;">2.781.227.772</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;">11.718.205.710</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:8.0pt;">NET
  ASSETS</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Unrestricted
  Net Assets</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">2k,14</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">584.874.399.174</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">571.428.772.792</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">Total net assets</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;text-transform:uppercase;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;text-transform:uppercase;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">584.874.399.174</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">571.428.772.792</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=40% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:8.0pt;">TOTAL
  LIABILITIES AND NET ASSETS</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;">587.655.626.946</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:8.0pt;">583.146.978.502</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=PT-BR style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=X-NONE style="font-size:7.0pt;">The
  accompanying notes form an integral part of these financial statements taken
  as a whole.</font></p>
  </td>
 </tr>
</table>

</div>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">264</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_267"></a><a name="_bclPageBorder267"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT
  TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT PENGELOLAAN PROGRAM
  KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">STATEMENT OF
  ACTIVITIES</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">For the Year Ended
  December 31, 2015</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Notes</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CHANGES IN UNRESTRICTED</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">NET ASSETS</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">REVENUE</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Loan Administration Service</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Income</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">38.881.631.441</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">17.874.573.518</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Interest Income on</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">16a</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.656.400.307</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.566.703.122</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Program</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">16b</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">7.139.747.899</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3.048.273.583</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Other Income</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.238.893.226</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">31.206.191</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">TOTAL REVENUE</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">60.916.672.873</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">22.520.756.414</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">EXPENSES</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Fostering Partnership Funds</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">18</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15.294.716.793</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">6.014.476.847</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Funds Distribution</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Empowerment Expenses</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">20</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.101.507.680</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.289.880.645</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">General and Administration Expenses</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">12.985.184.323</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.584.101.195</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Allowance for Impairment of Loan, net</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">6e</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">30.628.234.796</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">20.641.603.199</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Rent Expenses</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.821.557.515</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.436.320.910</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">TOTAL EXPENSES</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">66.831.201.107</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">35.966.382.796</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">DECREASE IN UNRESTRICTED NET ASSETS FOR THE YEAR</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(5.914.528.234</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(13.445.626.382</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">DECREASE IN RESTRICTED NET ASSETS FOR THE YEAR</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">DECREASE IN NET ASSETS FOR THE YEAR</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(5.914.528.234</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(13.445.626.382</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">AT BEGINNING OF YEAR</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">590.788.927.408</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584.874.399.174</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=41% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">NET ASSETS AT END OF YEAR</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584.874.399.174</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">571.428.772.792</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=X-NONE style="font-size:7.0pt;">The
  accompanying notes form an integral part of these financial statements taken
  as a whole.</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter267"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">265</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"></font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_268"></a><a name="_bclPageBorder268"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT
  TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT PENGELOLAAN
  PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">STATEMENT OF CASH
  FLOWS</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">For the Year Ended
  December 31, 2015</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><sup><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 width=39% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=NL style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=NL style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">OPERATING ACTIVITIES</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Decrease in Net Assets for the year</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(5.914.528.235</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(13.445.626.382</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">Adjustments</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Allowance for Impairment of Loan, net</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">30.628.234.796</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">20.641.603.199</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Other Income</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(1.825.352.893</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">Change in asset and liability</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Loan to other Foster SOE or</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Distributing Partners</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(8.345.175.617</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">5.650.000.004</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Loan to Fosters Partners</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(203.144.856.947</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(66.741.740.864</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Other Receivable</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">847.074.513</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Other Current Liabilities</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">10.972.947.055</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Accrued Expense</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">879.175.000</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(879.175.000</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Unidentified Installment</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">51.509.983</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">346.012.126</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Overpayment of Installment</font></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(49.282.432</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(1.154.632.743</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Other Payables</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(38.252.218.616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">(348.173.500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">NET CASH FLOWS USED TO OPERATING ACTIVITIES</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">(225.125.420.448</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">(44.958.786.105</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">DECREASE IN CASH AND CASH EQUIVALENTS</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">(225.125.420.448</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">(44.958.786.105</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">)</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</font></b></p>
  </td>
 <td width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">389.596.651.528</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">164.471.231.080</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">CASH AND CASH EQUIVALENTS AT END OF YEAR</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">164.471.231.080</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">119.512.444.975</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>

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  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=X-NONE style="font-size:7.0pt;">The
  accompanying notes form an integral part of these financial statements taken
  as a whole.</font></p>
  </td>
 </tr>
</table></div>





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<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-21.3pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">INFORMATION OF
  COMMUNITY DEVELOPMENT CENTER UNIT</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Establishment and
  General Information</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Pusat Pengelolaan Program Kemitraan dan  Program Bina
  Lingkungan (Community Development Center) (&#8220;CDC&#8221;) was established by
  Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (&#8220;Foster SOE&#8221;)
  based on Decree of the Directors No. 61/PS150/CTG-10/2003 regarding
  Establishment of Organization of Pusat Pengelolaan Program Kemitraan dan
  Program Bina Lingkungan (Community Development Center). This Decree of the
  Directors has been ammended several times. The latest amendment was under
  Decree of the Directors No. KD. 12/PS150/COPB0030000/ 2008 dated February 5,
  2008 regarding Organization of Pusat Pengelolaan Program Kemitraan dan
  Program Bina Lingkungan (Community Development Center).</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CDC was established as an implementation from the
  Decree of Minister of State-Owned Enterprises (&#8220;SOE&#8221;) No. KEP-236/MBU/2003
  dated June 17, 2003 regarding SOE Partnership Program and Community
  Development Program. The Decree of Minister SOE was based on The Law of
  Republic of Indonesia No. 19 Tahun 2003 regarding allowance from profit to
  develop small business/ cooperative and community development.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">On April 27, 2007, Ministry of SOE issued
  PER-05/MBU/2007 replacing the Decree of Minister of SOE No. KEP-236/MBU/2003.
  As an implementation of PER-05/MBU/2007, the Directors of Perusahaan
  Perseroan (Persero) PT Telekomunikasi Indonesia Tbk issued Decree of the
  Directors No. KD. 30/PR000/COP-B0030000/2007 dated June 6, 2007 regarding
  Management of Partnership Program and Community Development Program which has
  been amended by Decree of the Directors No. KD.21/PR0000/COP-B0030000/2010
  dated April 19, 2010 regarding Management of Partnership Program and
  Community Development Program.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PER-05/MBU/2007 has been amended for several times
  including the amendment on September 10, 2013, Minister of SOE issued
  PER-08/MBU/2013 regarding the fourth amendment of regulation of Ministry of
  SOE No. PER-05/MBU/2007 regarding SOE Partnership Program with Small Business
  and Community Development Program. On May 22, 2015, Minister of SOE issued PER-07/MBU/2015
  regarding SOE Partnership Program with Small Business and Community
  Development Program replacing PER-08/MBU/2013.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">On July 3, 2015, Ministry of SOE issued Per-09/MBU/07/2015 replacing the Decree of
  Minister of SOE No. PER-07/MBU/2015. As an implementation of
  PER-09/MBU/07/2015, the Directors of Perusahaan Perseroan (Persero) PT
  Telekomunikasi Indonesia Tbk issued Decree of the Directors No.
  PD.702.00/r.00/PR000/ CDC- A1040000/2015 dated 10 Desember 2015 regarding
  Management of Partnership Program and Community Development Program.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Head office of CDC is domiciled in Head office of
  Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (&#8220;Telkom&#8221;), Jl
  Japati No. 1 Bandung. Community Development (&#8220;CD&#8221;) Region and CD Witel is
  domiciled in Regional Division Office (&#8220;Divre&#8221;) and Witel Office (&#8220;Witel&#8221;)
  Telkom which spread all over Indonesia.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.    Primary Activities</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.9pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.9pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The primary activities of CDC in Partnership
  Program and Community Development Program (&#8220;PKBL&#8221;) include the following
  activities:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-14.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1) Distribution of funds to finance working
  capital loans and or purchase of fixed assets to increase production and
  sales.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-14.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2) Specific short term loan disbursements to
  finance the funding requirements for the operations of the Foster Partners to
  fulfill orders from the business partner of the Foster Partners.</font></p>
  </td>
 </tr>
</table></div>

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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The
  original financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

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 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">INFORMATION OF
  COMMUNITY DEVELOPMENT CENTER UNIT (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.    Primary Activities (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-12.3pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3) Community development donation funds is
  used for purposes that benefit the community in the areas of business in the
  form of assistance for:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.6pt;text-align:justify;text-indent:-14.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.   Natural disaster victims</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.   Education and/or training</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">c.   Health improvement</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">d.   Developments of infrastructure and/or
  public facilities</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">e.</font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">   </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Places of worship</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">f.</font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">    </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Nature conservation</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">g.   Civil society in order for poverty
  alleviation</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:61.55pt;text-align:justify;text-indent:-14.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">h.   Education, trainings, internships,
  promotions and other activities related to the improvement of productivity of
  foster partner from partnership program. The amount of these funds are taken from community
  development program and set at a maximum of 20% from the Partnership Program
  fund distributed during the year.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:50.9pt;text-align:justify;text-indent:-15.8pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">4)   Monitoring of the operations of Foster
  Partners.</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:53.1pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">5)    Reporting of PKBL acitivities.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:53.1pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        c.     Funding Resources</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=EN-GB style="font-size:9.0pt;">Source of </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CDC&#8217;s
  funding is derived from budget which has been decided as part of Perusahaan
  Perseroan (Persero) PT Telekomunikasi Indonesia Tbk expenses as Fosters SOE
  and fund development program.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        d.     Management Structure</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Management Structure of CDC as of December 31, 2015
  and 2014 is as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">CDC
  Senior General Manager</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Nur
  Hassim Rusdi</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Nur
  Hassim Rusdi</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:2.0pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Supporting
  Management:</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:2.0pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Senior
  Manager of Planning and Controlling</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Haris
  Widjanarko</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Haris
  Widjanarko</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:11.0pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Senior
  Manager of Finance</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Susilo
  Budi Utomo</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Susilo
  Budi Utomo</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:11.0pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Senior
  Manager of Partnership Program</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Harmon
  Yero</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Muhammad
  Wahyudi</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Senior
  Manager of Community Development Program</font></p>
  </td>
 <td width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Hery
  Susanto</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:8.0pt;">Hery
  Susanto</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:11.0pt;text-align:center;"><font face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=X-NONE style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Based on KD.21/PR000/COP-B0030000/2010 regarding
  Management of Partnership Program and Community Development Program which was
  amended by PD.702.00/r.00/PR000/ CDC- A1040000/2015 tanggal 10 Desember 2015
  regarding Management of Partnership Program and Community Development
  Program, CDC is supervised by the Director of Human Capital Management. As of
  December 31, 2015 and 2014, The Director of HCM is Herdy Rosadi Harman.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Number of employees as of December 31, 2015 and 2014
  is as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">31 Desember/December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CDC Corporate</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">32</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">32</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">All employees are employees who earn salaries and
  other benefits from the Company (Persero) PT Telekomunikasi Indonesia Tbk
  (&quot;Telkom&quot;) so that the application of Employee Benefits (PSAK No.
  24) is implemented by and charged to Telkom.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Witholding and payment for income tax Article 21 of
  Telkom employee who is assigned at CDC are performed by Telkom.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-42.5pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">         </font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">e.      Authorization of the
  Issuance of Financial Statement</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-42.5pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.25pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">          The financial statements were
  completed and authorized for issuance by CDC Management on January 27, 2016.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">2.</font></b><b><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-.5pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The significant accounting principles which
  are applied consistently in the preparation of the financial statements for
  the years ended December 31, 2015 and 2014 are follows:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-.5pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.25pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.      Basis of Preparation of Financial
  Statements</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.25pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The financial statement is prepared based on Non -
  Publicly Accountable Entities Financial Accounting Standards (SAK ETAP) that
  was issued by The Financial Accounting Standard Board - Indonesian Institute
  of accountants.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The implementation of SAK - ETAP in the preparation
  of the financial statement is based on Minister of State-Owned Enterprises
  (&#8220;SOE&#8221;) Circular No. SE-02/MBU/Wk/2012 dated February 23, 2012 Concerning
  Determination Guidance of Accounting Standard for Partnership Program and
  Community Development that applied since 2012.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The financial statements have been prepared on the
  accrual basis, except for certain accounts that prepared based on other
  measurement as explained in related accounting policy.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The statements of cash flows are presented using the
  indirect method, presenting cash receipt and payment and cash equivalents
  that are classified in operating, investing and financing activities.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The financial reporting period of CDC is January 1 -
  December 31.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.75pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Amounts in the financial statements are presented in Rupiah
  which also represents its functional currency.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-19.65pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Cash and Cash
  Equivalents</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.75pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">          Cash and cash equivalents consist
  of cash on  hand and in banks, and unrestricted time deposits with maturities
  of three months or less since placement date.</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        c.      Loan </font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;text-indent:-21.75pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">          Initially loan are measured based
  on fair values and subsequently measured at amortized cost, after deducted by
  allowance for impairment losses. The allowance for impairment are based on
  Management&#8217;s evaluation on the collectibility of these loan.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;text-indent:-21.75pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;text-indent:-21.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">         </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan to other Foster SOE Distribution Partners are
  loans given to Partnership PKBL unit/ Distributing Partners as synergy form
  among PKBL&#8217;s units.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;text-indent:-21.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan to Foster Partners are recognized in the amount
  of principal and  administration service income earned as agreed in the
  contract. Administration service income are recorded as loan to foster
  partners and as revenues on accrual basis for loans classified as current and
  substandard loan.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.55in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.95pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan to foster partners and other foster SOE/
  distributing partners are presented in statement of financial position as a
  current asset at its realizable value although the agreed repayment of loan
  may be more than 1 year after reporting period.</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.95pt;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The classification of loan based on its
  collectibility are as follows:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.95pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:55.45pt;text-align:justify;text-indent:-55.45pt;"><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">i.</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Current represents
  principal installment and administration service income payment are paid on
  time or those late payments of maximum 30 (thirty) days from the payment due
  date.As agreed with the agreement.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">SUMMARY OF
  SIGNIFICANT ACCOUNTING POLICIES (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        c.   Loan (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-47.4pt;"><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">ii.</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Substandard when late payment of  principal
  and/or administration service income payment are between 30 (thirty days) and
  180 (one hundred and eighty) days from the payment due date of installment as
  agreed in the agreement.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-47.4pt;"><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">iii.</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Doubtful when late
  payment of principal and/or administration service income payment are between
  180 (one hundred and eighty) and 270 (two hundred and seventy) days from the
  payment due date of installment as agreed in the agreement.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;text-indent:-47.4pt;"><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">iv.</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loss when late payment of
  principal and/ or administration service income payment over 270 (two hundred
  and seventy) days from the payment due date of installment as agreed in te
  agreement.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:47.4pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">d.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for
  Impairment of Loan </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for impairment of loan represents allowance
  for doubtful loan. This allowance is calculated based on the Management&#8217;s
  estimation of their collectibility. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.25pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CDC firstly determines whether there is objective
  evidence that there are impairment, individually for significat loan and
  collectively for loan which are insignificant. If CDC decides that there is
  no objective evidence of individual impairment, regardless those loan are significant
  or insignificant, CDC classifies these loan as having similar credit risk
  characteristics and determining the impairment collectively.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.25pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-10.9pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">     </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for impairment of loan is calculated based
  on estimated uncollectible loss, which collectively based on specific
  percentage of available historical collectibility rate (2 years of historical
  data at minimum). Loan which are impaired individually and of that losses are
  recognised, are not included in the collective impairment evaluation.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-10.9pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">e.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Fixed Asset Not in
  Use</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Fixed asset is recognized at their historical costs
  less accumulated depreciation and loss from impairment. Fixed asset is
  depreciated using straight-line method based on the estimated useful life and
  depreciation rate as follow:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">Asset type </font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">Useful Life </font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">Depreciation Rate</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Computer </font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">2</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">50%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;">Office equipment </font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">2</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">50%</font></p>
  </td>
 <td width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=FI style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Fixed assets that can not be used or operated due to
  damaged or other reasons are classified as fixed assets not in use.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=47% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FI style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=4% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-GB style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.25pt;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-21.05pt;"><b><font face=Arial,sans-serif lang=FI style="font-size:9.0pt;">         </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">All fixed assets are not in use. Therefore, such
  fixed assets classified as fixed assets not in use (Note 7).</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=47% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FI style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=4% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-GB style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:40.3pt;text-align:justify;text-indent:-21.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.6pt;">
  <td colspan=3 valign=top width=100% style="height:10.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      As of December 31, 2015 and 2014, net
  book value of fixed asset is zero.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">f.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Troubled Loan</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-17.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Troubled loan represent loss loan which has been
  attempted to be recovered by rescheduling and reconditioning but cannot be
  recovered. Troubled loan will be represented at loan principal value with
  100% of troubled loan balance.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-17.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The procedures to write-off these troubled loan
  adhere to Regulation of Ministry.</font></p>
  </td>
 </tr>
</table></div>

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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">SUMMARY OF
  SIGNIFICANT ACCOUNTING POLICIES (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=arial,bold,sans-serif lang=IN style="font-size:9.0pt;">g.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font></b><b><font face=arial,bold,sans-serif lang=IN style="font-size:9.0pt;">Accrued
  Expenses</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Accrued expenses are expenses that have to be paid by
  CDC which occur due to service received in the current period but no payment
  has been made until end of accounting period.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">h.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Unidentified
  Installments</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Unidentified installments are installments received
  in which the Foster Partners is unidentifiable until end of reporting period.
  Unidentifed installment is recognized and presented as liability when the
  installment is received.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">i.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Overpayment of
  Installments</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Overpayment of installments represents repayment from
  foster partners which exceeds its loan balance. This overpayment is recognized
  and presented as liability when the installment is received. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Overpayment of installment from each
  Foster Partners which is less than Rp50,000 is recognises as Partnership
  Program Other Income, based on Decree of the Director Number</font><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;">: </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">KD.21/PR000/COP-B0030000/2010
  dated on April 19, 2010 regarding Management of Partnership Program and
  Community Development Program.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;text-indent:-.25in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">j.</font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> &nbsp;</font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> Other Payables and Other Current
  Liabilities</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">      </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Other payables and other current liabilities are recognized when
  transactions occur or when contract are completed. Other payables and other
  current liability is recognized based on transaction amount or contracts.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">k.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Net Assets</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.65pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      Net assets are classified into
  restricted net assets and unrestricted net assets. Restricted net assets represent
  assets that can only be utilized limited to spesific program purpose.
  Unrestricted net assets represent assets that can be utilized without being
  limited for specific purposes.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">l.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Revenue and
  Expense</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">       Revenue</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-15.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">       </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Revenue is recognized in the statement of activities
  based on accrual basis.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-15.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan Administration Service Income</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:30.6pt;text-align:justify;text-indent:-13.5pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-54.45pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">                        </font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Administration service income is measured
  and recognized as incurred as stated in the contract for current and
  substandard loan.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-54.45pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">               Interest income</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">               </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Interest income is recognized based on accrual basis.
  Interest income is measured and recorded based on stipulated amount
  determined.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.15pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">               Expense</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">               Expense is recognised as
  incurred.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">               Fostering partnership funds
  are recognized when the funds are distributed.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">m.</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;
  </font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Taxation&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Tax transactions in relation to CDC
  are charged to CDC and reported by Perusahaan Perseroan (Persero) PT
  Telekomunikasi Indonesia Tbk.</font></p>
  </td>
 </tr>
</table></div>

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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">

  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The
  original financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">ACCOUNTING
  JUDGEMENTS, ESTIMATION, AND ASSUMPTION</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">a.</font></b><b><font face="times new roman" lang=SV style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">Judgements&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">      </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">In the implementation process of CDC&#8217;s accounting policies, Management
  has prepared these judgements, separated from estimation and assumption,
  which have the significant impact to the amounts are recognized in the
  financial statements: </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.25pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">      </font><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The implementation of
  PER-09/MBU/07/2015</font></u></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">      </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">In relation to the implementation of PER-08/MBU/2013 as disclosed in
  Note 1a, effective January 1, 2013, CDC is no longer recognized income
  allocation from the Foster SOE and expenses related to the distribution of
  community development fund and operational expenses related to the
  distribution of community development fund at the Statements of Activities
  (Note 19)</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:54.95pt;">
  <td valign=top width=100% style="height:54.95pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-13.95pt;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">      </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Then, in relation to the implementation of PER-09/MBU/07/2015 as
  disclosed in Note 1a, effective July 3, 2015, operational expenses of CDC and
  capacity improvement expenses become the expenses of Perusahaan Perseroan
  (Persero) PT Telekomunikasi Indonesia Tbk as Foster SOE. Therefore, CDC no
  longer recognized operational expenses from July 3, 2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.25pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Operational expenses from January 1, 2015 until July
  2, 2015 were recorded on statement of activities based on PER-08/MBU/2013 and</font><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PER-07/MBU/05/2015.&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.1pt;text-align:justify;text-indent:-30.35pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">              </font><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The determination of
  functional currency</font></u></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.1pt;text-align:justify;text-indent:-30.35pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.1pt;text-align:justify;text-indent:-15.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">       CDC&#8217;s functional currency is
  currencies from premier economic environment where CDC operates. The related
  currency is currency that gives influence to revenues and expenses from
  services given. CDC determines that their functional currency is Rupiah.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.1pt;text-align:justify;text-indent:-15.15pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Judgements&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for impairment of loan</font></u></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        If there is objective evidence that
  losses because of impairment has incurred on loan, CDC estimates an allowance
  for impairment loss of those loan specifically identified as uncollectible.
  The allowance examined by Management based several factors influencing of
  loan collectibility.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:36.55pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        CDC uses judgements based on
  available facts and situations, including but not limited to, CDC&#8217;s period of
  relationship with foster partners and foster partner&#8217;s credit status based on
  collectibility of loans (Notes 5, 6 and 8).</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">c.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Estimations and
  Assumptions</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.15pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">               </font><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for impairment of
  loan</font></u></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.15pt;text-align:justify;text-indent:-33.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">        </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CDC uses judgement based on best facts available to
  recognize indiviual allowance for customers to adjust the individual loan to
  its realizable amount. This individual allowance will be assessed if there is
  additional information received which affect the estimated amount.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CDC also assesses the allowance for impairment loss
  collectively, grouped by the same credit risks, regardless requires individually
  identified of allowance, have a higher risk of uncollectibility compared to
  loan given to other debtors. Allowance for impairment of loan is measured
  based on the evaluation of current value and historical rate of loan
  collectibility. Allowance for impairment of loan is recognised based on the
  the estimation of uncollectible amount,which is done collectively based on a
  specific percentage of the two-year-minimum historical rate of loan
  collectibility. This allowance is adjusted periodically to reflect actual
  result and estimation (Notes 5, 6 and 8).</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:37.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">

  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The
  original financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">4.     CASH AND CASH EQUIVALENT</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Cash in Bank:</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">45.607.574.684</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">7.002.145.427</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">12.060.256.011</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.252.077.147</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">57.667.830.695</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">12.254.222.574</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Deposit:</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15.000.000.000</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Rakyat Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15.000.000.000</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">30.000.000.000</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total Cash and Cash Equivalent </font></b><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Partnership
  Program</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">87.667.830.695</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">12.254.222.574</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:31.0pt;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Program</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Cash in Bank:</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">107,257,334,628</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21,107,186,145</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">887,773</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">696,214,240</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">107,258,222,401</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21,803,400,385</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Deposit:</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Danamon Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">35,000,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Tabungan Negara (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">20,000,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">55,000,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total Cash and Cash Equivalent of Community
  Development</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">107,258,222,401</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">76,803,400,385</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total Cash and Cash Equivalent</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">119,512,444,975</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">164,471,231,080</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">5.     LOAN TO OTHER FOSTER SOE/DISTRIBUTING
  PARTNERS</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 valign=top width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=top width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Sang Hyang Seri (Persero)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9,637,740,363</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9,687,740,363</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Bank UMKM Jatim</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4,999,999,996</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">10,600,000,000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Baitul Maal wat Tamwil Hidayah</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1,806,768,715</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1,806,768,715</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">16,444,509,074</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">22,094,509,078</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Allowance for impairment of loan</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Individual assessment</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(11,444,509,078</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=top width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(11,494,509,078</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Collective assessment</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(113,420,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(11,444,509,078</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=top width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(11,607,929,078</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4,999,999,996</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">10,486,580,000</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Movement the allowance for impairment
  of loan are as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Beginning balance</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11,607,929,078</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9,903,074,425</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Additions - Net (Notes 6e)</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Disposals - Net (Notes 6e)</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(163,420,000</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1,704,854,653</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11,444,509,078</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11,607,929,078</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Management believes that, the balance of
  allowance for impairment of loan is adequate to cover losses from
  uncollectible loan.</font></p>
  </td>
 </tr>
</table></div>





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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">5.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">LOAN TO OTHER FOSTER
  SOE/DISTRIBUTING PARTNERS (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">        </font><b><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">PT Sang Hyang Seri (Persero)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">        </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">On March 27, 2012, CDC signed a contract number
  332/HK840/CDC-A1050000/2012 with PT Sang Hyang Seri (Persero) (&#8220;SHS&#8221;) for the distribution of Partnership
  Program funds to farmers which will be distributed by SHS. In agreement, SHS
  acts as an avalist (guarantor). This contract is valid for 36 months,
  starting in 2012 to 2015, with funds distribution limit amounted
  Rp17,000,000,000 which have been fully disbursed in 2012. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">On December 1, 2014, CDC and SHS agreed to
  amend the contract. The amendmend points are:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:30.6pt;text-align:justify;text-indent:-12.6pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-    Elimination of penalty arise from
  payment delay after November 1, 2013. Penalty charged which has been
  recognized until October 31, 2013 is amounting Rp1,825,325,895.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:30.6pt;text-align:justify;text-indent:-11.55pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-    Term of agreement is extended to be 36
  months until October 2017. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">As of December 31, 2015, loan and penalties balances
  by SHS of Rp9.637.640.363 (2014:</font><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">9.687.740.363)  of
  which are installed by Rp200,000,000 - Rp370,000,000 per month started from
  November 2014 to October 2017.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Bank UMKM Jatim</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        On November 14, 2014, CDC entered
  into an agreement No. Tel.529/ HK810/ CDC - A1010000/ 2014 with PT Bank BPR
  Jatim Bank UMKM Jawa Timur (Bank UMKM Jatim) and PT Finnet Indonesia for the
  distribution of Partnership Program funds, which all will be distributed by
  PT Bank UMKM Jatim. PT Finnet Indonesia provides the virtual accounts for
  media of payment for each foster partner. This contract is valid for 2 years,
  starting from November 2014 until November 2016. The loan of Rp10,000,000,000
  has been fully distributed by CDC to Bank UMKM Jatim on December 2014. The
  balance of this loan as at December 31, 2015 is Rp4,999,999,996. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        On September 27, 2011, CDC signed a
  contract No. K.Tel.821/CDC-A1050000/2011 with Baitul Maal Wat Tamwil Hidayah
  (BMT Hidayah) for the distribution of Partnership Program funds for batik
  garment communities and broom stick craftsmen. These fund were distributed
  through BMT Hidayah. The contract was valid for 2 years, from 2011 to 2013,
  with a maximum amount to be distributed of Rp2,200,000,000. In was agreed
  that, BMT Hidayah, who acts as a guarantor, guarantees the repayment of, at a
  minimum, 50% from the maximum amount to be distributed, or Rp1,100,000,000.
  In the collateral letter dated October 6, 2011, BMT Hidayah pledged a parcel
  of land owned by Drs Muhammad Hery Ngatiri. S.Ag (the Chairman of BMT Hidayah
  in Kelurahan Sangkrah, Kecamatan Pasar Kliwon, Surakarta) with an area of 91
  sqm.The balance of this loan as at December 31, 2015 is Rp1,806,768,715
  (2014: Rp1,806,768,715) which was due to be paid on November 2013. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">6.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">LOAN TO FOSTER
  PARTNERS </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan to Foster
  Partners Classified by Community Development (CD) Area</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan to Foster Partners</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area I Sumatera</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">113,328,491,852</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">118,344,350,433</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;layout-grid-mode:char;">CD Area II DKI Jakarta &amp; Banten</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">80,916,609,472</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">71,913,682,894</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area III Jabar</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">86,948,859,417</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">71,361,969,771</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area IV Jateng &amp; DIY</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">63,700,890,582</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">51,091,489,742</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area V Jatim &amp; Madura</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">111,741,448,694</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">76,791,470,846</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area VI Kalimantan</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">63,823,658,079</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">53,011,559,882</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area VII Kawasan Timur Indonesia</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">47,944,585,670</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">64,048,113,161</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">568,404,543,766</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">506,562,636,729</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Allowance for Impairment of Loan</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(109,770,010,235</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(93,864,820,863</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total Loan to Foster Partners - Net</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">458,634,533,531</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">412,697,815,866</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
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  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">6.     LOAN TO FOSTER PARTNERS (continued)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Loan to Foster
  Partners Classified by Sector</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan to Foster Partners</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Trading</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">304,331,486,357</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">260,536,906,022</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Industry</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">99,370,872,724</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">93,167,857,336</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Service</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">98,645,546,666</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">94,585,494,743</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Farming</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">23,910,726,099</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21,275,133,231</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Fishing</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">17,828,682,810</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15,848,898,783</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Agriculture</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">11,237,819,444</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9,404,501,501</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Plantation</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9,962,750,485</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">8,309,374,775</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Others</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3,116,659,181</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3,434,470,338</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">568,404,543,766</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">506,562,636,729</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Allowance for Impairment of Loan</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(109,770,010,235</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><u><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></u></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(93,864,820,863</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><u><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></u></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total Loan to Foster Partners - Net</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">458,634,533,531</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">412,697,815,866</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Management believes that the balance of allowance for
  impairment of loan is adequate to cover losses from the uncollectible loan.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">c.</font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">
  &nbsp;</font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">  Loan Administration Service Income </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">       Since 2008, the percentage of
  administration service income of loan for partnership program was based on
  the Decree on article 12 (2) of The Regulation of SOE Ministries No:
  PER-05/MBU/2007 dated April 17, 2007, which is 6% per annum from the
  principal of the loan.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">       Based on Decree on article 11 (2) of
  The Regulation of SOE Ministries No: PER-09/MBU/07/2015 dated July 3, 2015, administration service income
  is 6% per annum from the beginning balance.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">d.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Allowance for
  Impairment of Loan to Foster Partners</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:35.85pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Movement of allowance for impairment
  of loan is as follow:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">93,864,820,863</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">69,770,078,111</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Additional - Net</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">20,805,023,199</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">28,923,380,143</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Reclassification as troubled loan</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(4,899,833,827</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (4,828,637,391</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">109,770,010,235</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">93,864,820,863</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=FR style="font-size:7.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">6.     LOAN TO FOSTER PARTNERS (continued)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-18.9pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">e.     Allocation of Allowance for Impairment
  of Loan</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td colspan=11 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Loan Quality</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Loan Aging (from
  maturity date)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Loan Balance</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Allowance %</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Accumulated
  Allowance 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Expense </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;layout-grid-mode:char;">(</font></b><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Recovery</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;layout-grid-mode:char;">) </font></b><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Allowance
  2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Other Foster SOE/
  Distributing Partners</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><u><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Individual
  assessment</font></u></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Loss</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&gt; 270 days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">11,444,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">11,444,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">(50,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Current</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&lt; 30 days</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">4,999,999,996</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">0.00%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><u><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">__</font></u></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">(113,420,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Sub total</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">16,444,509,074</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">11,444,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">(163,420,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Foster Partners</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><u><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Collective
  assessment</font></u></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Current</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&lt; 30 days</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">416,369,708,952</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">0.87%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">3,624,415,611</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">(574,797,294</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Substandard</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&gt;30 days &#8804;
  180 days/</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">34,226,922,072</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">9.50%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">3,250,690,745</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">1,981,050,405</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Doubtful</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&gt; 180 days &#8804;
  270 days </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">18,242,353,104</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">18.16%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">3,312,944,241</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">2,275,955,549</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Loss</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">&gt; 270 days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">99,581,959,638</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">99,581,959,638</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">12,222,980,712</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Sub total</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">568,420,943,766</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">109,770,010,235</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">15,905,189,372</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Troubled</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">82,673,017,234</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">82,673,017,234</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">4,899,833,827</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">667,538,470,074</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">203,887,536,547</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:5.0pt;layout-grid-mode:char;">20,641,603,199</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td colspan=11 valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">December 31, 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Loan Quality</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Loan Aging (from maturity
  date)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Loan Balance</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Allowance %</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Accumulated Allowance 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Expense </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;">(</font></b><b><font face=Arial,sans-serif style="font-size:5.0pt;">Recovery</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:5.0pt;">)&nbsp;</font></b><b><font face=Arial,sans-serif style="font-size:5.0pt;">
  Allowance 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Other Foster SOE/Distributing
  Partners</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><u><font face=Arial,sans-serif style="font-size:5.0pt;">Individual assessment</font></u></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Loss</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&gt; 270 days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">11,494,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">11,494,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1,591,434,653</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><u><font face=Arial,sans-serif style="font-size:5.0pt;">Collective assessment</font></u></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Current</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&lt; 30 days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">10,600,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1.07%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">113,420,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">113,420,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Sub total</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">22,094,509,078</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">11,607,929,078</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1,704,854,653</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Foster Partners</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><u><font face=Arial,sans-serif style="font-size:5.0pt;">Collective assessment</font></u></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Current</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&lt; 30 days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">392,449,804,275</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1.07%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">4,199,212,905</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">2,551,241,616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Substandard</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&gt; 30 days &#8804; 180 days</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">19,931,559,504</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">6.37%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1,269,640,340</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">(2,114,105,611</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;">)</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Doubtful</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&gt; 180 days </font><u><font face=Arial,sans-serif style="font-size:5.0pt;">&lt;&nbsp;</font></u><font face=Arial,sans-serif style="font-size:5.0pt;"> 270
  days</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">6,822,294,024</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">15.20%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">1,036,988,692</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">(2,011,896,927</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;">)</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Loss</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&gt; 270 days</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">87,358,978,926</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">87,358,978,926</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">25,669,503,674</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Sub total</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">506,562,636,729</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">93,864,820,863</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">24,094,742,752</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">Troubled</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">77,773,183,407</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">77,773,183,407</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">4,828,637,391</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">606,430,329,214</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">183,245,933,348</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">30,628,234,796</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">

  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">7.     FIXED ASSET NOT IN USE</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font></b><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Movement 2015</font></u></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Beginning Balance Jan 1, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Addition</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Disposal</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Ending Balance Dec 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Acquisition Cost</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Computer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Office Equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Total Acquisition Cost</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Accumulated Depreciation</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">-</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">-</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Computer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Office Equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Total</font></b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">
  </font><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Accumulated Depreciation</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">Book Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font></b><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Movement 2014</font></u></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Beginning Balance Jan 1, 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Addition</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Disposal</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Ending Balance Dec 31, 2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Acquisition Cost</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Computer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Office Equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Total Acquisition Cost</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Accumulated Depreciation</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Computer</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(29,862,600</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Office Equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(54,054,050</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Total</font></b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;"> </font><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Accumulated Depreciation</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">(83,916,650</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">Book Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.35pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        In relation to fixed assets with nil
  book value, SGM CDC sent Letter Number: Tel. 243/KU710/CDC-A1000000/2012
  dated November 19, 2012 to the Ministry of SOE requesting for Approval to
  write-off PKBL Telkom Unit&#8217;s fixed asset. However, until the completion date
  of the financial statement, this approval has not been received.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE FINANCIAL
  STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">8.     TROUBLED LOAN</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Troubled loan from foster partners as
  at December 31, 2015 and 2014 by CD Area is as follow:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:27.0pt;width:96.76%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area I Sumatera</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">22,045,423,531</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">18,388,793,403</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area II DKI Jakarta &amp; Banten</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8,507,721,907</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8,185,349,337</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area III Jabar</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9,667,473,840</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9,756,027,306</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area IV Jateng &amp; DIY</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">7,608,245,571</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6,386,473,495</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area V Jatim &amp; Madura</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9,446,672,858</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6,556,899,010</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area VI Kalimantan</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8,939,010,806</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8,700,797,226</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CD Area VII Kawasan Timur Indonesia</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">16,458,468,721</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">19,798,843,630</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">82,673,017,234</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">77,773,183,407</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Allowance for Impairment of Troubled Loan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(82,673,017,234</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(77,773,183,407</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Troubled Loan Distribution - Net</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.6pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        In relation to such troubled loan
  from foster partners, CDC has proposed to Ministry of State-Owned Enterprises
  (SOE) to write-off Rp2,027,201,023 which represents loan of partnership program
  for 253 Foster Partners in Nangroe Aceh Darussalam (NAD) who suffered
  earthquake and tsunami on December 2004 through the letters, as follows:</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:22.6pt;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.4in;">
  <td valign=top width=100% style="height:.4in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1)</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Letter from Kadivre I
  Sumatera that was sent to PT Pupuk Iskandar Muda/Koordinator SOE Pembina
  Provinsi NAD No. Tel. 807/UM 550/RE1-123/2005 dated August 22, 2005 regarding
  Foster Partners Loan Write-off Proposal in NAD.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2)</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Letter from Deputy
  Kadivre I Sumatera that is sent to the Foster SOE Coordinator of PUK Provinsi
  Nusantara - PT Perkebunan Nusantara No. Tel. 901/UM 550/RE1-123/ 2005 dated
  December 22, 2005 regarding the Confirmation of Foster Partners Loan
  Write-off Proposal in NAD.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3)</font><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Letter from Head Office
  Telkom CDC which is sent to the Deputy Assistant for Information and SOE&#8217;s
  Administration Asset No. Tel. 125/ PR000/CDC-00/2006 dated February 10, 2006
  regarding Foster Partners Loan Write -off Data in NAD.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Through Letter from Senior General Manager CDC No. Tel 790/
  UM.550/ CDC.0000001/ 2011 dated September 12, 2011 which was addressed to the
  Deputy Assistant Fostering PKBL regarding Troubled Loan Foster Partners TCDC
  Write-off proposal, CDC proposed the write-off of troubled loan for 4,327
  Foster Partners amounted to Rp34,978,803,737. This amount represents the
  accumulation from previous proposal. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Through Letter from Senior General Manager CDC No. Tel 573/UM.550/CDC-A100000/2013 dated
  October 23, 2013 which was addressed to the Deputy Restructuring and
  Strategic Planning of SOE, CDC re-propose loan writing off for troubled loan
  for 3,541 foster partners amounted to Rp26,182,641,326. This amount
  represents the accumulation from previous foster partner&#8217;s loan since January
  2011 until December 2012. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Thereafter, through Letter from Temporary Senior General
  Manager CDC No. Tel 630/PS.370/
  CDC-A1000000/2014 dated December 30, 2014 which was addressed to the Deputy
  Restructuring and Strategic Planning of SOE, CDC re-propose loan writing off
  for troubled loan for 2,602 foster partners amounted to Rp18,714,804,816.
  This amount represents the accumulation from previous foster partner&#8217;s loan
  since 2003 until December 2013. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Until the completion date of the financial statement, the
  proposal to write-off for the troubled loan has not been approved by the
  Ministry of SOE.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">9.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">OTHER CURRENT
  LIABILITIES</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.84%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Rakyat Indonesia </font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">(Persero) Tbk</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">5,691,103,171</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Pos Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">3,371,533,422</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">Perusahaan Perseroan</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1,161,114,697</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Perkebunan Nusantara VIII</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">489,694,586</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Industri Nuklir Indonesia (Persero)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">259,501,179</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total other current liabilities</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">10,972,947,055</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">9.    OTHER CURRENT LIABILITIES (continued)</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><b><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><b><font face=arial,sans-serif style="font-size:9.0pt;">       Refunds of
  SOE Care Program</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><b><font face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">Other current liabilities from PT Bank
  Rakyat Indonesia, PT Pos Indonesia and PT Industri Nuklir Indonesia represent
  repayments of remaining funds from SOE Care Program in which the realization
  reports are still being evaluated by CDC and until December 31, 2015 are stil
  in progress.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:1.05pt;"><b><font face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:.7pt;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">Perusahaan Perseroan PT Telekomunikasi
  Indonesia Tbk</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">        </font><font face=arial,sans-serif style="font-size:9.0pt;">Based on
  Commisioners of PT Telekomunikasi Indonesia (Persero) Tbk Decree No.
  17/KEP/DK/2014/RHS dated December 10, 2014, the amount of Partnership and
  Community Development Programs Funds for 2015 is as follow:</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">a)</font><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=arial,sans-serif style="font-size:9.0pt;">Partnership program
  amounting Rp 0;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">b)</font><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=arial,sans-serif style="font-size:9.0pt;">Community
  development program amounting Rp82,000.000,000</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.1pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The total of profit allocation from the Foster SOE was
  Rp82,000,000,000. The allocated fund has been received by CDC on February,
  March, October and December 2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.1pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.1pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">During 2015, realization for fund distribution for
  community development program amounted to Rp 72,410,726,781 and operational
  expenses is Rp8,428,158,522. Therefore, the remaining funds is
  Rp1,161,114,697 and will be the source of funds for community development
  program in 2016.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:17.1pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">10.  ACCRUED EXPENSES</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Accrued expenses represent expense for
  opinion survey and CSR Index engagement for the year 2014 provided by PT
  Infomedia Nusantara, a related party. This has been paid by CDC on March 13,
  2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">11.  UNIDENTIFIED
  INSTALLMENTS</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=FR style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Beginning Balance</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">121,047,323</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">69,537,340</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Identified during the year </font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(141,876,560</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(67,290,018</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr style="height:3.3pt;">
  <td valign=bottom width=60% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unidentified Installment during the year</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">487,888,686</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">118,800,001</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:3.3pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Ending Balance</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">467,059,449</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">121,047,323</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">12.  OVERPAYMENT OF INSTALLMENTS</font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">                        &nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Overpayment of Installments</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">158,652,706</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1,313,285,449</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">13.  OTHER PAYABLE</font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">                                                          &nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        Detail of other payable as of
  December 31, 2015 and 2014 are as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">PT PINS Indonesia</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">107,046,500</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">467,720,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">PT Finnet Indonesia</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12,500,000</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Ending Balance</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">119,546,500</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">467,720,000</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT PINS Indonesia                                                         </font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">        Payable to
  PT PINS Indonesia, related party, represents procurement  transactions for
  community development funds distribution.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Finnet Indonesia                                                       </font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=arial,sans-serif style="font-size:9.0pt;">        PT Finnet
  Indonesia provides services to provice virtual accounts which are used in the
  Company&#8217;s agreement with Bank UMKM as tools of payment for Bank UMKM&#8217;s foster
  partners to pay their monthly installment. PT Finnet receives Rp12,500,000
  each month as collection fee.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">14.  NET ASSETS</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unrestricted Net Assets</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(571,428,772,792</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584,874,399,174</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Restricted Net Assets</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(571,428,772,792</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584,874,399,174</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">        </font><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Movement of Net Asset</font></u></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unrestricted Net Asset</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unrestricted Net Asset - Beginning of Year</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584,874,399,174</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">590,788,927,408</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Decrease in Unrestricted Net Asset profit</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (13,445,626,382</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (5,914,528,234</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unrestricted Net Asset - End of Year</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">571,428,772,792</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">584,874,399,174</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">15.  LOAN ADMINISTRATION SERVICE INCOME </font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.28%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Center of CDC</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">150.000.000</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">175.000.000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area I Sumatera</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3.691.762.709</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.030.618.752</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=ES style="font-size:8.0pt;layout-grid-mode:char;">CD Area II DKI Jakarta &amp; Banten</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.292.422.961</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.909.470.238</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area III Jabar</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.652.856.629</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.680.382.353</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area IV Jateng &amp; DIY</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.028.006.708</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.840.556.914</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area V Jatim &amp; Madura</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3.539.389.210</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.444.853.683</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area VI Kalimantan</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.217.056.647</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.906.855.318</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CD Area VII Kawasan Timur Indonesia</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.303.078.654</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.893.894.183</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">17.874.573.518</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">38.881.631.441</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">16.  INTEREST INCOME</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Partnership
  Program</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.1%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Deposits</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">338.597.266</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">8.519.569.257</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Current Account</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.228.105.856</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.136.831.050</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.566.703.122</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">9.656.400.307</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">b.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Community
  Development</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.12%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Deposits</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.936.865.578</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">6.667.017.261</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Current Account</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.111.408.005</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">472.730.638</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">3.048.273.583</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">7.139.747.899</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:20.15pt;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">17. OTHER INCOME</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.28%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font face=arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">Year Ended December
  31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font face=arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">Partnership
  Program</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">1.825.352.893</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">Community
  Development</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">31.206.191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">3.413.540.333</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:9.0pt;">31.206.191</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:9.0pt;">5.238.893.226</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font face=arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=X-NONE style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">18.  FOSTERING PARTNERSHIP FUNDS</font></b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">                        &nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.28%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">Year Ended December
  31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">Exhibition/Promotion</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">3.061.151.199</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">6.691.314.477</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">Training</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">2.929.825.648</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">7.449.581.566</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:9.0pt;">Development</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">23.500.000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">1.153.820.750</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:9.0pt;">6.014.476.847</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif style="font-size:9.0pt;">15.294.716.793</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective July 3, 2015, in relation to the
  implementation of PER-09/MBU/07/2015, fostering partnership expenses of CDC
  will be recognized by Foster SOE (Note 3a and 19), therefore CDC only
  recorded fostering partnership expenses for period January 1, 2015 until July
  2, 2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">19.  COMMUNITY DEVELOPMENT FUNDS DISTRIBUTION</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective January 1, 2013, in relation to the
  implementation of PER-08/MBU/2013, CDC has no longer recognized community
  development funds distribution as expense of CDC (Note 3a).</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective July 3, 2015, in relation to the
  implementation of PER-09/MBU/07/2015, CDC has no longer recognized fostering
  partnership funds as expense of CDC (Note 3a), therefore CDC only recorded
  fostering partnership fund for period January 1 to July 2, 2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">During 2015 and 2014, CDC on behalf of and
  for the benefit of Telkom Group has distributed community development
  programs funds. community development distribution and its operational
  expense which are not included in CDC&#8217;s financial statements as are follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.1%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Donation</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Education and/or Training Donation</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">41.150.756.851</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">40.826.871.147</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Improvement for Facility and/or Public Facility Donation</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15.734.881.300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.432.252.116</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Religion Facility Donation</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">8.467.194.000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">16.232.115.500</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Capacity Improvement Donation to Foster Partnersn</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">3.525.756.880</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Healthcare Improvement Donation</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.467.383.000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">8.488.050.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Nature Disaster Victims Donation</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.305.604.750</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.367.923.213</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Natural Preservation Donation</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">750.150.000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">795.937.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Poverty Donatio</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.000.000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.043.670.000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> </font><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">72.410.726.781</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">81.186.818.976</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Operational Expense</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Partnership program</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">6.995.965.895</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.25in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development program</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.432.192.627</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.617.955.050</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">80.838.885.303</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">82.804.774.026</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">20.  EMPOWERMENT EXPENSES</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.1%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Foster Partners Monitoring Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">939.110.018</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.734.882.824</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan Collection Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">845.059.144</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.387.296.323</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Foster Partners Survey Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">505.711.483</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">979.328.533</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.289.880.645</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.101.507.680</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective July 3, 2015, in relation to the
  implementation of PER-09/MBU/07/2015, operational expenses of CDC will be
  recognized by Foster SOE (Note 3a and 19), therefore CDC only recorded
  empowerment expenses from January 1, 2015 until July 2, 2015.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">

  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">21.  GENERAL AND ADMINISTRATION EXPENSES</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">5.584.101.195</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">12.985.184.323</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:10.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective July 3, 2015, in relation to the
  implementation of PER-09/MBU/07/2015, operational expenses of Partnership
  Program will be recognized by Foster SOE (Note 3a and 19), therefore CDC only
  recorded general and administration expenses from January 1, 2015 until July
  2, 2015.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">22.  RENT EXPENSES</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;layout-grid-mode:char;">&#160;&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">1.436.320.910</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">2.821.557.515</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Effective July 3, 2015, in relation to the
  implementation of PER-09/MBU/07/2015, rent expenses of Partnership Program
  will be recognized by Foster SOE (Note 3a and 19), therefore CDC only
  recorded rent expenses from January 1, 2015 until July 2, 2015.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;text-indent:-1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=DA style="font-size:9.0pt;">2</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3.  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-transform:uppercase;">TRANSActionS
  and balanceS with related parties</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=SV style="font-size:9.0pt;">The relationship and nature of account balances/
  transactions with related parties were as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=31% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Relation</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Related parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Transaction</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Foster
  SOE</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">PT
  Telekomunikasi Indonesia (Persero) Tbk.</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Income
  allocation for community development program</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Under
  common control of PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">PT
  Graha Sarana Duta</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Room
  fitting out provider</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Under
  common control of PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=FR style="font-size:9.0pt;">PT
  Infomedia Nusantara</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Opinion
  Survey and CSR Index service provider</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Under common
  control of PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Pins Indonesia</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">CPE (Customer
  Premises Equipment) Provider</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Under common
  control of PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Metra Digital
  Media</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Fund provider for
  Internet training program</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Bank Mandiri
  (Persero) Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Funding company for
  operational transaction</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Bank Negara
  Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Funding company for
  operational transaction</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Bank Rakyat
  Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Funding company for
  operational transaction</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Sang Hyang Seri
  (Persero)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Other Foster SOE</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of PT Telekomunikasi Indonesia Tbk</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Finnet Indonesia</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Provider of virtual
  accounts</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Perkebunan
  Nusantara VIII</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Recipient of SOE
  Care</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PT Pos Indonesia</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Recipient of SOE
  Care</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Entity under common
  control of the Government</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=34% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">formerly PT Batan
  Teknologi (Persero)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Recipient of SOE
  Care</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=DA style="font-size:9.0pt;">23</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">.  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-transform:uppercase;">TRANSActionS
  and balanceS with related parties </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">(continued)&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The details of accounts and significant transactions
  with related parties are as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><u><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Assets</font></u></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Cash and Cash Equivalents (Note4)</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Cash in banks</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">7.002.145.427</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">45.607.574.684</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia(Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">5.252.077.147</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">12.060.256.011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Time </font><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">deposit&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">15.000.000.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Rakyat Indonesia(Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">15.000.000.000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">12.254.222.574</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">87.667.830.695</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Community Development Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Cash in banks</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">107.257.334.628</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21.107.186.145</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia (Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">887.773</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">696.214.240</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Time </font><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">deposit&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Tabungan Negara (Persero) Tbk.</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">20.000.000.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total cash and cash equivalent in
  affiliated parties</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">107.258.222.401</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">41.803.400.385</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan to Other Foster SOE or Distributing Partners
  (Note 5)</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">PT Sang Hyang Seri (Persero)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">9.637.740.363</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">9.687.740.363</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total loan</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.637.740.363</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">9.687.740.363</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total assets in affiliated parties</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">129.150.185.338</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">139.158.971.443</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total assets</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">583.146.978.502</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">587.655.626.946</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">As percentage to total assets</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">22%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">24%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">December
  31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><u><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Liabilities</font></u></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Other Current
  Liabilities</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">PT Bank Rakyat
  Indonesia</font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;"> (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">5.691.103.171</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Pos Indonesia
  (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">3.371.533.422</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.3in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">Perusahaan Perseroan</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Telekomunikasi
  Indonesia Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">1.161.114.697</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Perkebunan
  Nusantara VIII</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">489.694.586</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Industri Nuklir
  Indonesia (Persero)</font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> /formerly PT
  Batan Teknologi</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">259.501.179</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Total other
  current liabilities</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">10.972.947.055</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">Accrued Expenses
  (Note 10) </font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Infomedia
  Nusantara</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">879.175.000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Total </font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">accrued expenses</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">879.175.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">Other Payable
  (Note 13) </font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT PINS Indonesia</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">107.046.500</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">467.720.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">PT Finnet Indonesia</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">12.500.000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Total </font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">other payable</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">119.546.500</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;">467.720.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Total liabilities
  in afffiliated parties</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11.092.493.555</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1.346.895.000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Total liabilities</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11.718.205.710</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2.781.227.772</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;">As percentage to
  total liabilities</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">95%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">48</font><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=39% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;">December
  31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=EN-GB style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><u><font face=arial,sans-serif style="font-size:8.0pt;">Expenses</font></u></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><b><font face=arial,sans-serif style="font-size:8.0pt;">Partnership Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">PT Infomedia
  Nusantara</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">3.845.488.368</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">3.012.460.332</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">PT Metra Digital
  Media</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">150.000.000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">3.995.488.368</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">3.012.460.332</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">Total
  operational expens</font><font face=arial,sans-serif lang=IN style="font-size:8.0pt;">e in affiliated parties</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">3.995.488.368</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">3.012.460.332</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">Total
  expense</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">36.009.906.802</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">66.831.201.107</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-indent:-.15in;"><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">As
  percentage to total expense</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">11%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font face=arial,sans-serif style="font-size:8.0pt;">5</font><font face=arial,sans-serif lang=DE style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:7.0pt;layout-grid-mode:line;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=DA style="font-size:9.0pt;">23</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">.  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-transform:uppercase;">TRANSActionS
  and balanceS with related parties </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">(continued)&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">December 31,</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><u><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Revenue</font></u></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Partnership Program</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Revenue from Deposits</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank </font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Rakyat
  Indonesia</font><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">284.400.006</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.071.511.114</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank </font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Mandiri&nbsp;</font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;"> (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">54.197.260</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.297.932.329</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank </font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Negara
  Indonesia</font><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.817.315.161</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">P</font><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">T Bank </font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">Tabungan
  Negara</font><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">851.506.849</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Syariah Mandiri</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">483.231.461</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">338.597.266</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">5.521.496.914</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Revenue from Current Account</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.072.334.546</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">2.208.843.267</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">155.771.310</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">30.934.296</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Tabungan Negara(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.897.321</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.228.105.856</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.241.674.884</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Community Development Program</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.3in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.3in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Revenue from Deposits</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">109.917.807</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">323.008.492</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">21.304.109</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">138.564.383</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Tabungan Negara</font><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (Persero)
  Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.846.301.369</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Rakyat Indonesia(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">-</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">559.999.997</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">131.221.916</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.867.874.241</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.3in;margin-right:.15in;margin-top:0in;text-align:left;text-indent:-.3in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Revenue from Current Account</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Mandiri (Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.107.748.983</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">471.380.116</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">PT Bank Negara Indonesia(Persero) Tbk</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">3.659.022</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=SV style="font-size:8.0pt;layout-grid-mode:char;">1.350.522</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">1.111.408.005</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">472.730.638</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total </font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">revenues from
  affiliated parties</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">2.809.333.043</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">11.103.776.677</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">Total revenue</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">22.564.280.420</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">60.916.672.873</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">As percentage to total revenue</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">12%</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">1</font><font face=Arial,sans-serif lang=IN style="font-size:8.0pt;layout-grid-mode:char;">8</font><font face=Arial,sans-serif lang=DE style="font-size:8.0pt;layout-grid-mode:char;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original financial
  statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">24.  RESTRICTED FUND USAGE</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Kep.100/MBU/2002</font></u></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Partnership Program</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:19.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:44.1pt;text-align:justify;text-indent:-25.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.Effectivity Performance</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:8.1pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The performance evaluation of partnership and
  community development program is based on the Minister of SOE Decree No.
  Kep.100/ MBU/ 2002 dated June 4, 2012 regarding The Effectiveness Indicator
  of Partnership Program Loan Distribution and the Collectibility of the Loan
  Repayments.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><font face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The effectiveness of loan distribution is calculated
  by dividing the amount of distributed funds by the amount of the utilizable
  funds. Amount of distributed funds represents all current year funds
  distribution to small enterprise businesses and cooperation. The funds are
  distributed as working capital loans. Utilizable funds is calculated by
  adding the beginning balance with loan repayments (principal and the interest
  repayments) and with interest income from partnership program.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:15.2pt;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Score of funds absorbtion table</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=17% style="border:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Penyerapan %</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&gt;90</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">85 s.d 90</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">80 s.d 85</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&lt;80</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">% of absorbtion</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Skor</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">3</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">2</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">1</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">0</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Score</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:94.8%;">
 <tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Year ended December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Fund distribution</font></b></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Distribution of Funds (Note 24)</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">340.959.090.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Fostering Partnership Funds (Note 18, 24)</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">6.014.476.847</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">346.973.566.847</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Fund available</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Beginning balance (Note 4)</font></p>
  </td>
 <td valign=bottom width=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">87.667.830.695</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Loan Repayments from Foster Partners </font><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">(Note 24)</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">267.227.495.235</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif lang=FR style="font-size:9.0pt;">Loan Administration Service Income </font><font face=Arial,sans-serif style="font-size:9.0pt;">(Note
  24)</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">29.443.919.585</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">384.339.245.515</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Level of the effectiveness of the loan distribution
  (percentage of fund distribution to available fund)</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">90</font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">,28</font></b><b><font face=Arial,sans-serif style="font-size:9.0pt;">%&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Score of level of the effectiveness of the loan
  distribution</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">3</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">24.  RESTRICTED FUND USAGE (continued)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;margin-left:19.05pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Kep.100/MBU/2002
  </font></u></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">(continued)&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:6.0pt;text-align:justify;text-indent:19.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Partnership Program (continued)</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;text-indent:-14.15pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">a.</font></b><b><font face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
  </font></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Collectibility
  level of the Loan Distribution</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:33.2pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:31.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Another performance indicator of partnership and
  community development program is the collectibility of repayments which indicates
  the probability of a loan to be fully paid. The collectibility level is
  calculated by comparing the weighted average collectibility funds with
  distributed funds. Weighted average funds is the result of multiplying the
  collectibility weightage with the balance of each quality of the loan (e.g:
  current: 100%, substandard: 75%, doubtful: 25% and troubled: 0%)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:31.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=100% style="height:1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:31.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Score of loan repayments collectibility level is as
  follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=17% style="border:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Tingkat
  Pengembalian (%)</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&gt;70</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">40
  s.d 70</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">10
  s.d 40</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&lt;10</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">%
  of Collectibility Level</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Skor</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">3</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">2</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">1</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">0</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Score</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=top width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:31.25pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Weighted average amount of the collectibility of the
  loan as of December 31, 2015 is as follows:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:95.14%;">
 <tr>
  <td valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Loan
  Quality</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Loan
  balance
  (Note
  6e)
  (unaudited)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Weighted
  Average Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Current</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">2.031.523.058.805</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">100%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">2.031.523.058.805</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Substandard</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">160.351.452.014</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">75%</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;"> 120.263.589.011</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Doubtful</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">66.711.450.456</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">25%</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">16.677.862.614</font></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">Troubled</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">779.803.129.387</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">0%</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">-</font></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;font-weight:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">3.038.389.090.662</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">2.168.464.510.430</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=bottom width=66% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Loan
  repayment collectibility level (percentage of weighted average loan
  collectibility to loan distribution)</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">71,37%</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:.15in;margin-right:.15in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=3 valign=bottom width=66% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">Score
  of repayments collectibility level</font></b></p>
  </td>
 <td width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">3</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PER-09/MBU/07//2015</font></u></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:19.05pt;"><b><u><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Partnership Program</font></u></b><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">                                                    &nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">The percentage of fostering partnership funds to
  current year funds distribution for partnership program</font></b></p>
  </td>
 </tr>
<tr style="height:.5in;">
  <td valign=top width=100% style="height:.5in;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">PER-09/MBU/07/2015 clause 9 verse 4 specified that
  the amount of fostering partnership funds which consists of education,
  marketing, promotion expense, etc is 20% at a maximum of the partnership
  program distribution during the year. This regulation has never been revised.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:19.05pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">For the year ended December 31, 2015, the percentage
  of fostering partnership funds to current year partnership program funds
  distribution is as follow:</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Year ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Fostering partnership funds (Note 18)</font></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">6.014.476.847</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">Partnership distribution (Note 24)</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">340.959.090.000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=77% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">Percentage of fostering partnership funds to partnership
  funds distribution</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">1,76%</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=100% style="height:.1in;padding:0in 5.4pt 0in 5.4pt;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">The original
  financial statements included herein are in Indonesian language.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif lang=ES style="font-size:9.0pt;">PT TELEKOMUNIKASI INDONESIA TBK</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">PUSAT
  PENGELOLAAN PROGRAM KEMITRAAN DAN PROGRAM BINA LINGKUNGAN</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">(COMMUNITY
  DEVELOPMENT CENTER)</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">NOTES TO THE
  FINANCIAL STATEMENTS</font></b></p>
  <p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=arial,sans-serif style="font-size:9.0pt;">December 31, 2015
  and Year then Ended</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font face=arial,sans-serif lang=X-NONE style="font-size:9.0pt;">(Expressed
  in Rupiah)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC2"><u><font color=blue face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Table of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">24.  RESTRICTED FUND USAGE (continued)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:1.05pt;"><b><font face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Statement of Cash Flows - Direct Method</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:22.5pt;width:97.3%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=FR style="font-size:8.0pt;layout-grid-mode:char;">Year Ended December 31,</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:char;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font face=Arial,sans-serif lang=NL style="font-size:8.0pt;layout-grid-mode:char;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">OPERATING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Fund Received from Foster SOE</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">82.000.000.000</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">82.804.774.026</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan Repayments from Foster Partners</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">267.227.495.235</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">201.503.156.976</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Unidentified Installments</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">346.012.126</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">51.509.983</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Payable Payment</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(1.227.348.500</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(38.252.218.616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan Administration Service Income</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">29.443.919.585</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">21.817.204.599</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Interest Income</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.614.976.705</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">16.796.148.204</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Loan Distribution</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(340.959.090.000</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(396.422.510.000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Fostering Partnership Funds</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(6.014.476.847</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(15.294.716.793</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Repayment of Other Receivables Community Development</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">9.811.832.358</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">4.822.298.871</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Fund Distribution</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(80.838.885.303</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(81.186.818.976</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Empowerment Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(2.289.880.645</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(5.101.507.680</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">General and Administration Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;"> (5.584.101.195</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(13.723.964.373</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Payment of Rent Expenses</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(1.436.320.910</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(2.821.557.515</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">Refund to Foster Partners</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(52.918.714</font></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(117.219.154</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">NET CASH FLOWS USED TO OPERATING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(44.958.786.105</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(225.125.420.448</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">DECREASE IN CASH AND CASH EQUIVALENTS</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(44.958.786.105</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">(225.125.420.448</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">164.471.231.080</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">389.596.651.528</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">CASH AND CASH EQUIVALENTS AT END OF YEAR</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">119.512.444.975</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">164.471.231.080</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font face=Arial,sans-serif style="font-size:8.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>
  </td>
 </tr>
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>x16040107550601.jpg
<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<SEQUENCE>9
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DOCUMENT>
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end
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</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>x16040107550700.gif
<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DOCUMENT>
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<SEQUENCE>31
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
